During the first semester 2013 the Campine Group achieved a revenue of EUR 73.51 million compared with EUR 85.87 million in 2012 (-14 %).
The operating result decreased to a loss of EUR -0.62 million compared to a loss of
EUR -0.19 million in 2012.
Finance costs were KEUR 477 (KEUR 490 in 2012). The lead hedging result amounts to KEUR 1,023 (KEUR 745 in 2012).
Loss after taxes amounted to EUR -0.13 million, compared with a profit of EUR 0.06 million in 2012.
Results per Business Unit:
- Lead: Turnover reached EUR 28.65 million (EUR 32.71 million in 2012) (-12 %). Our volume decreased slightly to 22,053 mT (22,538 mT in 2012) (-2 %). In general, the LME lead prices, which are the basis of our sales prices decreased slightly throughout the first semester of 2013: from 1,798 EUR/mT in the beginning of January, to 1,635 EUR/mT at the end of March and 1,573 EUR/mT at the end of June. Margins remain under pressure.
- Antimony: Turnover decreased to EUR 32.23 million (EUR 41.71 million in 2012) (-23 %). Sales volume decreased to 4,410 mT (4,641 mT in 2012) (-5 %). The general economic situation in the antimony business remains weak and seriously weighs on the turnover. On top of this the antimony metal price downtrend puts additional pressure on the performance of the business.
Metal Bulletin prices were lower than last year, but remained stable in the first quarter of 2013 from 8,476 EUR/mT in the beginning of January, 8,524 EUR/mT at the end of March, slightly decreasing in Q2 to 7,664 EUR/mT at the end of June 2013. - Plastics: Turnover reached EUR 12.51 million (EUR 11.54 million in 2012) (+8 %).
The volume increased to 2,907 mT (2,603 mT in 2012) (+12 %). In Plastics both market demand and margins increased compared to last year.
Perspectives full year 2013
Referring to our press information of February, there are still no clear signs of economic recovery yet in Lead and Antimony. Circumstances remain as at the end of 2012. Fortunately, in Plastics the positive improvement continues.
The general economic situation in the antimony business remains weak and so reduces the turnover. The antimony metal price downtrend also puts additional pressure on the performance of the business.
The volume in Lead Recycling almost equals the previous year's first semester. For the second semester we expect a slightly higher turnover then the same period last year. Unfortunately, margins remain under pressure due to the tight raw material supply.
The revival in Plastics continues and we foresee higher sales volume and higher turnover compared to last year.
We expect a break-even result for the full year 2013 based on the situation as of today. However, we have to draw the attention to the fact that these expectations may be affected in case of unexpected changes in the underlying market factors in either direction.
