Brussels, 29 April 202 2022 ((((17 17h45 45).
Strong growth result of 2021
- Sales: € 25.2 million, up 10%
- EBITDA: 6.3 million euros, or 24.8% of salesMultiplied by 6 compared to 2020
- Net profit: 2.1 million euros, or 81 Percent of sales
- Net Financial Liability: 13% of capital as of December 31, 2021
- Purpose of Neutral carbon Mid-term
coilWorld leader in aluminum anodizing, AnnonoThis is the annual result For exercise 2021..
- highlight Some exercise
After Fiscal Year 2020, which was heavily affected by the global crisis associated with the COVID-19 pandemic, COIL recorded a significant improvement in its performance in 2021.
The aftermath of the health crisis, on the one hand, weighed on the company’s activities with subcontracting sales hampered by the long lead times of the production of anode-quality aluminum by European rolling mills due to the very strong demand encountered in other sectors. I continued.Activities, and on the other hand, export and sale of packaged products1 Shipping to Asia has become difficult due to border closures and long production times exacerbated by supply chain capacity shortages and very high delivery costs.
In this regard, subcontracting sales recovered (+ 24% compared to 2020), with continued recovery in demand in the final construction and construction markets, especially in the second half of the year. Package sales declined (-24%) due to a high comparative base in 2020, including bulk orders, especially in China, which could not be offset by a solid recovery in sales in Europe in 2021.
This change in product mix in favor of outsourcing offers has significantly improved our gross margins, given that the margin levels of outsourcing offers are much higher than bundled transactions involving metals.
At the industrial level, we continued to optimize variable costs by relying on streamlined capacity. Growth and productivity gains have had a positive impact on our business and profitability.
Revenues for the 2021 fiscal year increased by 10% compared to the previous year. This is € 25.2 million, a higher level than the company expected and is valued against the preferred criteria for comparison. Revenues fell 23% in 2020 and were significantly affected by the consequences of the health crisis.
EBITDA increased by € 5.3 million to € 6.3 million. That is, 24.8% of revenue, compared to 4.4% in 2020 and 21.0% in 2019. This strong development is explained by i) an increase in gross profit due to an increase in sales. Product composition changes in favor of subcontractors reduce the weight of metal in sales. ii) Reduction of operating expenses due to reduction of salaries and non-recurring items related to management compensation and bonuses.
After a € 400,000 reduction in provisions and amortization allocations, operating profit reached € 2.8 million compared to a loss of € 2020 (€ 2.9 million) and a profit of € 2.1 million in 2019. ..
Net profit reached € 2.1 million, an increase of € 5.4 million compared to 2020 and € 1.1 million compared to 2019. This mainly includes financial costs of € 600,000.
- Profit and loss statement Simplification
|(Millions of euros)||2019||2020||2021||change
|turn over||29,8||23,0||2Five,2||– 15%|
|It outsourcing||20.7||16.2||20.1||– 3%|
|CA package2||9.0 9.0||6.8||5.1||– 43%|
|EBITDA||6,3||1,0||6,3||+ + 0%|
|amount of sales%||21.0%||4.4%||24.8%||+3.8 points|
|Business results||2,1||((((2,9)||2,8||+ + 32 %|
|amount of sales%||7.1%||(12.5)%||11.1%||+4.0 points|
|Pre-tax profit||1,1||(3,2)||2,2||+ + 102 %|
|Net income||1,0||(3,3)||2,1||+ + 107 107 %|
|amount of sales%||3.3%||(14.1)%||8,1%||+4.9 points|
Considering the growth of results, shareholders’ equity as of 31 December 2021 was 29.2 million euros, an increase of 2.1 million euros compared to 31 December 2020. As of December 31, 2021, net financial liabilities decreased by € 4.7 to € 3.9 million. It was $ 1 million compared to the previous year, accounting for 13% of shareholders’ equity, compared to 32% as of December 31, 2020 and 28% as of December 31, 2019.
- turn over First semester 202 2022 When Outlook
The first quarter of 2022 is in line with the trends observed in 2021. Revenue for the quarter was € 6.6 million, an increase of 11.8% compared to the first quarter of 2021. Revenue from package offers (€ 1.2 million) was down 28.4%. Revenues from subcontracting services maintained momentum of recovery (€ 5.4 million, +28, 1%).
The company is confident in its outlook, except for the new major impacts of the health crisis and geopolitical situation. However, despite rising selling prices at the beginning of the year, inflation could weigh on our profit margins.
In the context of energy conversion and reduced fossil fuel consumption, we have been looking for ways to accelerate long-term purchases of new sources of renewable energy from attractive costs, especially in Germany, for over a year. Working with sector operators, the action plans implemented in 2022 and 2023 will enable companies to achieve significant long-term savings and enhance energy efficiency, especially with the site’s carbon-neutral targets. In German.
Despite the complex economic conditions, we continue to invest in the profitable development of our business. With a flexible and efficient industrial organization, a growing geographic footprint, and a solid financial position, we leverage a portfolio of premium and sustainable low-carbon footprint products to strengthen our global leadership. We are confident in our development outlook.
- More information
The financial statements were approved by the Board of Directors on April 28, 2022. These are included in the 2021 consolidated annual accounting available on our financial site (http://investors.coil.be).
|Revenue for the first half of 2022|
|Results for the first half of 2022 and financial reports for the first half of the year|
About the coil
COIL is the world’s largest anodizing agent for the construction and industrial sectors and is sold under the ALOXIDE brand.®..
Anodizing is an electrochemical process (electrolysis) that forms a natural protective oxide layer on the surface of aluminum. It can be colored with a variety of UV resistant finishes. It gives the metal excellent corrosion resistance and / or enhances its functional quality. Anodizing preserves all the natural and ecological properties of aluminum. It maintains high rigidity, excellent strength / weight ratio, non-magnetism, and excellent corrosion resistance. The metal is completely recyclable with simple remelting. Anodized aluminum is used in a variety of applications including construction, design, industry and automobiles.
COIL develops an industrial model that creates value by relying on unique know-how, outstanding investment, quality of investment and team expertise. COIL employs approximately 110 people in Belgium and Germany and achieved sales of € 25 million in 2021.
Listed on Euronext Glow Paris | Isin: BE0160342011 | Reuters: ALCOI.PA | Bloomberg: ALCOI: FP
For more information, please visit www.aloxide.com.
One packaged offer includes anodized metal that is supplied directly to the end customer.
2 Contains anodizing and metals