Swiss Steel Group rebound with improved results in 2021

Sales volume increased by 21% from 1,535 to 1,863 kilotons in 2021 despite a softening of demand from the automotive industry in the last quarter.
Revenue for the full-year 2021 rose strongly by 40% from EUR 2,288.4M to EUR 3,192.8M supported by higher raw material prices.
Adjusted EBITDA in 2021 came in at EUR 191.6M versus EUR – 68.9M in 2020.
Net debt increased year over year from EUR 639.9M to EUR 720.5M largely due to the ongoing high raw material prices and the sharp rise in energy prices. This was only partly outweighed by the capital increase in Q1 2021 of EUR 223.5M.
Outlook for 2022: Swiss Steel Group is despite the burden of the unforeseen accident in Ugine cautiously optimistic to affirm the rebound seen in 2021 and expects an adjusted EBITDA between EUR 160M and 200M.

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