Revenue: €1,480m (+58% vs H1 2021)
Current EBITDA: €209m (14.1% of revenue)
Net profit attributable to the Group: €126m
In the first half of 2022, the Group benefited from a favorable environment mainly marked by the rise in raw material prices.
The volumes distributed are also up in the 1st half (+1.9% compared to those of the 1st half of 2021). Demand, well oriented at the start of the year, dipped from the 2nd quarter.
Similarly, after 18 months of increases, raw material prices have started to fall, leading to a drop in purchase prices, a trend that should continue in the 4th quarter. However, this decline should be offset by the rise in steel production costs, which are strongly impacted by energy costs.
The valuation of inventories as of June 30, 2022 incorporates this change with the recording of a depreciation representing 19.8% of the gross value of inventories compared to 17.1% as of December 31, 2021.
Revenue thus increased by +58% to €1,480 million and the gross margin by +63% to €404 million, representing 27.3% of revenue compared to 26.4% one year. earlier.