Following the insolvency procedures opened on
In order to allow comparison with the 2020 figures, the Group's consolidated sales for the nine months ended
In million of euros | At | At | Pro forma at | Change (%) | Change on a pro forma basis (%) |
Lead | 85.9 | 147.0 | 85.5 | -42% | 1% |
Zinc | 20.6 | 63.6 | 28.5 | -68% | -28% |
Special metals | 5.5 | 13.0 | 5.8 | -57% | -5% |
Plastic | 5.9 | 9.3 | 10.5 | -36% | -43% |
Total | 118.1 | 232.9 | 130.3 | -49% | -9% |
IFRS data, figures unaudited.
“During the first nine months of 2020, Group's activities were heavily penalized by the fall in metal prices, the deterioration in commercial conditions and the effects of the SARS-CoV-2 pandemic, which are still being felt today heavily throughout the recycling sector. Although
- Trend in metal prices to
September 30, 2020 (in euros)
In euros per ton | First nine months of 2020 average | First nine months of 2019 average | Change (%) |
Lead price | 1,600 | 1,766 | -9% |
Zinc price | 1,905 | 2,313 | -18% |
€/$ exchange rate | 1.1249 | 1.1237 | NA |
Source:
The average lead price in the first nine months of 2020 was €1,600, down 9% compared to the average for the first nine months of 2019. Between
The average zinc price in the first nine months of 2020 was €1,905, down 18% from the average in the first nine months of 2019. During the first quarter of 2020, the evolution of the zinc price was marked by a sharp fall, reaching its annual low point at
The average €/$ exchange rate remained stable compared to the first nine months of 2019. Between
- Breakdown of consolidated sales at
September 30, 2020 relative toSeptember 30, 2019
Consolidated sales at
2.1 Lead segment
The Lead segment accounted for 73% of consolidated sales at
Its sales totaled €85.9 million at
In the third quarter of 2020, consolidated sales totaled €13.9 million, down 74% on a reported basis, again mainly due to the deconsolidation of the activities of the former subsidiaries
The business outlook for the Lead segment in the fourth quarter of 2020 will be highly dependent on developments in the recycling market given the expected negative impact on volumes of available used lead-acid batteries of the new sanitary containment measures implemented in
2.2 Zinc segment
The Zinc segment accounted for 17% of consolidated sales at
Consolidated sales reached €20.6 million at
Zinc segment’s restated sales3 amounted to €30.8 million at
It should be noted that following the deconsolidation of the German entities given their insolvency procedures under the German law, the Zinc segment comprises now only the 50% participation in
In the third quarter of 2020, the segment therefore did not record any sales due to the deconsolidation1 of the former subsidiaries
2.3 Special Metals segment
The Special Metals segment represented 5% of consolidated sales at
Sales reached €5.5 million at
It should be noted that following the deconsolidation of
2.4 Segment Plastique
The Plastics segment accounted for 5% of consolidated sales at
Sales totaled €5.9 million in the first nine months of 2020, down 36% compared with the first nine months of 2019 on a reported basis.
C2P S.A.S. activity in
In the third quarter of 2020, sales reached €2.1 million, down 10%.
It should be noted that following the deconsolidation as of
- Forecasted financial agenda
- Financial information as of
December 31, 2020 :Thursday, February 11, 2021 (aftermarket closing).
1 See press releases dated
2
3 To assess the performance of the Zinc segment, the Group provides restated financial data including the share of
4 See press releases dated
APPENDICES
Quarterly evolution of metal prices averages
In euros per ton | First quarter 2020 | Second quarter 2020 | Third quarter 2020 | First quarter 2019 | Second quarter 2019 | Third quarter 2019 |
Lead | 1,675 | 1,518 | 1,603 | 1,793 | 1,677 | 1,824 |
Zinc | 1,930 | 1,780 | 1,997 | 2,380 | 2,459 | 2,112 |
Source:
Consolidated sales by quarter and segment
In million of euros | First quarter 2020 | Second quarter 2020 | Third quarter 2020 | First quarter 2019 | Second quarter 2019 Published data | Second quarter 2019 Pro Forma Data | Third quarter 2019 Published data | Third quarter 2019 Pro Forma Data |
Lead | 54.0 | 18.1 | 13.9 | 45.8 | 48.3 | 25.2 | 52.8 | 14.4 |
Zinc | 16.7 | 4.0 | 0.0 | 21.8 | 21.6 | 6.8 | 20.3 | 0.0 |
Special Metals | 4.3 | 1.2 | 0.0 | 4.6 | 4.5 | 1.2 | 3.9 | 0.0 |
Plastics | 2.9 | 0.8 | 2.2 | 3.6 | 3.3 | 3.7 | 2.4 | 3.2 |
Total | 77.9 | 24.1 | 16.1 | 75.8 | 77.7 | 36.9 | 79.4 | 17.6 |
IFRS data, unaudited figures.
Recylex S.A.’s sales
In million of euros | Nine months to | Nine months to | Change (%) |
Lead segment | 36.8 | 45.7 | -19% |
Services to Group companies | 0.8 | 2.1 | -62% |
Total sales | 37.6 | 47.8 | -21% |
IFRS data, unaudited figures.
Disclaimer: This press release is a non-official translation into English of the press release of the same date issued in French language and is provided solely for the convenience of English-speaking users. This press release should be read in conjunction with and construed in accordance with French law. This press release may contain forward-looking statements that do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its website(www.recylex.eu). Further information about
The summary document of the proceedings concerning
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Raw materials from urban mines
For more information about the
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Press & Investor contact: T +33 (0)158 47 29 91 | E info@recylex.eu
Administrative office: 79 rue
Attachment
Recylex S.A. Financial information as ofSeptember 30, 2020
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