Swiss Steel Holding Ltd.

Latest Results (19.03.2026):

Swiss Steel Holding Ltd. — Q4 2024 (full‑year 2024): The company reported a challenging 2024 with weaker end‑market demand leading to lower volumes and revenue, while operational measures and a successful recapitalization strengthened the balance sheet. Sales volumes fell mid‑single digits, revenue declined double digits year‑on‑year, and EBITDA remained negative but improved to around EUR –35.5 million (pro forma). Management implemented capacity and workforce reductions, completed a capital increase and refinancing actions, and highlighted continued leadership in low‑carbon “Green Steel” with SBTi validation and ESG recognitions.

Key financials

Sales volume declined ~5.1% YoY to c.1,056 kt (pro forma, excluding Ascometal); net revenue fell c.14.3% YoY to EUR 2,432 million (excluding Ascometal); reported EBITDA improved to about EUR –35.5 million (pro forma). Reported year‑end balance sheet items included net working capital ~EUR 769.3m (–6.9% vs PY), net debt ~EUR 711.4m (–14.1% vs PY) and shareholders’ equity ~EUR 322.8m (+37.6% vs PY).

Capital and financing

In April 2024 Swiss Steel Holding Ltd. completed a recapitalization including a capital increase with net proceeds of EUR 287.8m and extended core financing to September 2028; management secured additional lender agreements in early 2025 to strengthen liquidity and refinancing headroom.

Operational actions

Management announced capacity adjustments in September 2024 to better match demand, targeting a reduction of ~800 full‑time positions; by year‑end headcount had fallen by 1,362 employees (–15.5%) to 7,450.

Portfolio / scope changes

The Group removed Ascometal from consolidation after March 2024 and sold several distribution/other operations (Portugal, Argentina, UAE and the former Düsseldorf headquarters) as part of a focus on core production and simplification of the footprint.

Market context

Weak demand in key end markets — notably automotive and German mechanical & plant engineering — plus broader European slowing and energy/cost pressures drove the volume and revenue declines reported for 2024.

Sustainability and market positioning

Swiss Steel Holding Ltd. emphasized its Green Steel positioning: SBTi validated its decarbonization targets under steel sector guidance, and the Group received an EcoVadis Gold medal and an A‑level CDP Climate Change score; the report cites up to ~81% lower carbon footprint versus the industry average for certain products.

Corporate governance / listing

Shareholders approved a voluntary delisting from the SIX Swiss Exchange; SIX Exchange Regulation granted application approval and the delisting is scheduled to take effect on June 5, 2025, after which shares will be transferred to the LPZ‑X platform.