COIL: SOLID REVENUES FOR THE FIRST HALF OF 2019
July 30 2019 - 11:45AM
COIL: SOLID REVENUES FOR THE FIRST HALF OF 2019
SOLID REVENUES FOR THE FIRST HALF OF
2019
Brussels, July 30, 2019 (5:45pm) – COIL, the
world leader for aluminium anodising, is reporting €12.1m in
revenues for the first half of 2019, virtually stable compared with
the first half of 2018.
Change in half-year revenues by
business
(In million euros) |
2019 |
2018 |
Change |
Anodising services |
10.48 |
11.01 |
-4.8% |
Packaged solutions (metal included) |
1.61 |
1.12 |
+42.9% |
Half-year total |
12.09 |
12.14 |
-0.4% |
Significant upturn for packaged
solutions offsetting the contraction in anodising
services
Sales of anodising services came to €10.5m at
June 30, 2019, down -4.8% from the first half of 2018, despite a
robust order book. This change primarily reflects a temporary
shortage of anodising-grade metal on the market due to strong
demand for rolling mills in other business sectors.
Sales of packaged solutions, for which COIL
covers both metal supplies and surface treatments for architectural
projects, totalled €1.6m at June 30, 2019. They show strong growth
compared with the first half of 2018 (+42.9%) and represent
13.3% of revenues, up from 9.3% one year earlier. This positive
change is being driven by the increase in demand for architectural
developments in Europe and Asia.
Line 6 and the new vertical anodising
line ramped up
Following a difficult start to production in
2018, the new Line 6 for continuous anodising in Germany is ramping
up. Its levels of quality and reliability, in line with
expectations, are enabling production to be gradually transferred
from Line 3 in Belgium, which is expected to be shut down in the
second half of 2019.
The new vertical anodising line in Belgium, an
extension of the continuous anodising business, offers promising
potential for development, despite its contribution to revenues
still being marginal as it started up recently.
These industrial developments are enabling COIL
to further strengthen its leadership on the anodised aluminium
market with the development of its ranges of dimensions, textures
and colours.
Outlook
Despite the current economic uncertainty, COIL
is confident about its prospects, capitalising on an outstanding
anodised product and the numerous opportunities for development
that exist around the world. For 2019, COIL expects that the
contraction in the anodising services business with rolling mills
linked to the general economic environment will be offset by the
strong growth in sales of packaged solutions, particularly with
major projects signed up in China.
Next date: 2019 first-half
earnings on October 29, 2019 (after close of trading).
COIL is the world’s largest
architectural and industrial anodiser. Anodising is an
electrochemical process - electrolysis - that develops a natural
and protective exterior layer on aluminium that can be coloured,
providing exceptional corrosion protection and/or increased
functionality for the metal. Anodising preserves all the natural
and ecological properties of aluminium - it retains its high
strength-to-weight ratio, non-magnetic properties and exceptional
corrosion resistance without any impact on the total and repeated
recyclability of the metal.Anodised aluminium is used across a wide
range of architectural, designer, industrial and automotive
applications.
Euronext Growth ParisISIN: BE0160342011 -
ALCOIReuters: ALCOI.PABloomberg: ALCOI:FPwww.coil.be
COILTim HuttonChief Executive
Officertim.hutton@coil.beTel: +32 (0)11 88 01 88
CALYPTUSCyril Combe cyril.combe@calyptus.netTel:
+33 (0)1 53 65 68 68
- COIL CA S1 2019 PR30jul2019_E
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