(AOF) – Coil, specialist in the anodization of aluminum, has published its results for the first half, which shows an EBITDA down 0.5 million euros compared to the previous year. It stood at 2.5 million euros to represent 18.1% of revenue, compared to 24.4% of revenue in the first half of 2021. Revenue for the first 9 months of the 2022 amounted to 20.7 million euros, up 9.8% compared to the same period of the previous year.
The net result for the first half of 2022 is a profit of 0.85 million euros, compared to 0.95 in the first half of 2021 and a loss of 2.1 million euros in the first half of 2020.
In an increasingly uncertain environment, the company remains cautious and anticipates a further slowdown in demand for subcontracting at the end of the financial year, while distributors continue to reduce part of their inventories.
To cope with the significant increases in energy costs in Europe, Coil has indicated that it is concentrating its short-term operations on its Landen site in Belgium, where energy prices are currently lower, and relies on its high-yield line 6 in Germany.
The company says it is confident in its longer-term development prospects and is capitalizing on its broad portfolio of premium, sustainable and lower carbon footprint products to increase the potential of its activities.
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An ecological transition that drives metal prices
The ecological transition is driving demand and driving up prices. Thus lithium prices jumped 100% last year, supported by sales of electric cars. The needs for metals such as aluminum, copper, graphite, or nickel should soar by 2050. The war in Ukraine has reinforced the rise in prices because Russia is a major producer of mineral raw materials , in particular aluminium, palladium, nickel and titanium. The International Energy Agency (IEA) recently warned of the risk of a shortage of several metals necessary for the energy transition. Europe has mobilized on strategic metals with the aim of strengthening its sovereignty.