- During the first semester 2012 the Campine Group achieved a revenue of EUR 85.87 million compared with EUR 106.52 million in 2011 (-19 %).
- The operating result decreased to a loss of EUR - 0.19 million compared to a profit of
EUR 8.22 million in 2011. - Finance costs were 490 KEUR (546 KEUR in 2011). The lead hedging result amounts to 745 KEUR (- 177 KEUR in 2011).
- Profit after taxes amounted to EUR 0.06 million, compared with a profit of EUR 5.04 million in 2011.
Results per Business Unit:
- Lead: Turnover reached EUR 32.71 million (EUR 34.49 million in 2011) (-5 %). Our volume decreased slightly to 22,538 mT (22,773 mT in 2011) (-1 %). In general, sales prices decreased slightly throughout the first semester of 2012. We note a decrease from 1,533 EUR/mT in the beginning of January, to 1,513 EUR/mT at the end of March and 1,427 EUR/mT at the end of June. Tightness in the supply of raw materials led to pressure on margins.
- Antimony: Turnover reached EUR 41.71 million (EUR 56.03 million in 2011) (-14 %).
Sales volume decreased to 4,641 mT (5,874 mT in 2011) (-21 %).
Customer demand was lower than a year ago with reduced average prices and margins. However Metal Bulletin prices in the first half of 2012 were 9,538 EUR/mT in the beginning of January, 9,659 EUR/mT at the end of March, further increasing in Q2 to 10,842 EUR/mT at the end of June 2012. - Plastics: Turnover reached EUR 11.54 million (EUR 14.90 million in 2011) (-23 %).
The volume decreased to 2,603 mT (3,010 mT in 2011) (-14 %). Here too the market demand was considerably lower than in the same period in 2011.
Perspectives full year 2012
In 2012, Campine celebrates its hundred year's birthday, which is a historical milestone.
The whole world is in the grip of economic pressures which also affect our results. The first semester was break even. The outlook for the second half of the year is challenging.
Due to these economic circumstances, the Board of Directors decided on August 23 to adjust the BU organization of the Campine Group to optimally use synergies between different departments by installing a matrix structure.
We will take further steps to make extra savings when necessary.
Thanks to the improvements in the field of information, automation and management Campine is well prepared for the future.
Campine has survived several crises in its 100-year existence and the Board of Directors is convinced that our strong team will continue successfully in order to start our second century of existence in 2013 powerfully.
In annex you'll find the full version of the report.
