Befesa S.A.

BFSA

Equity

ISIN LU1704650164 / Valor 38827189

Xetra (2024-12-23)

EUR 20.96+1.65%

Befesa S.A.
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About company

Befesa S.A. operates in the Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services segments, where it collects and recycles steel dust, steel residues, and salt slags generated in the production of steel and aluminium. The company's business model focuses on providing waste management solutions to customers in the steel and aluminium industries through efficient technologies. Befesa operates in regulated markets and offers a full-service approach to managing hazardous waste for its customers.

Summarized from source with an LLMView SourceSector: Utilities

Revenue

Befesa S.A.'s total revenue for H1 2024 was nearly unchanged at €621.2 million compared to €615.5 million in H1 2023. The higher zinc hedging price and favorable zinc treatment charges (TC) were offset by lower zinc prices.

EBITDA

The total adjusted EBITDA for Befesa S.A. increased by 8.8% year-over-year to €103.1 million in H1 2024 from €94.7 million in H1 2023. This increase was primarily due to higher zinc hedging prices, favorable TC, and lower operating costs.

Net Debt

As of June 30, 2024, Befesa S.A.'s net debt increased by 6.9% to €645.6 million from €604.0 million at the end of 2023. This increase was due to higher current financial indebtedness, including the use of €40 million from the revolving credit facility to acquire the remaining 50% stake in Recytech, S.A.

Net Profit

The total net profit attributable to shareholders of Befesa S.A. remained stable at €20.0 million in H1 2024, compared to €20.2 million in H1 2023. The financial result improved by 12.3% year-over-year to -€17.2 million in H1 2024 from -€19.6 million in H1 2023.

Steel Dust Recycling Services

In H1 2024, the volumes of Electric Arc Furnace Dust (EAFD) recycled by Befesa S.A. increased by 2.9% year-over-year to 609,532 tonnes. The adjusted EBITDA for the Steel Dust business increased by 20.5% year-over-year to €80.9 million, driven by higher zinc hedging prices and favorable zinc TC.

Summarized from source with an LLMView Source

Key figures

-39.1%1Y

-68.3%3Y

-43.5%5Y

Performance

37.9%1Y

38.1%3Y

37.4%5Y

Volatility