October 16, 2008

SKW Stahl Metallurgie announces Q3 result

SKW Stahl Metallurgie Holding AG announced that it shows a clear upward trend in all significant financial indicators after Q3 in 2007. Its January to September 2007 turnover climbed by 10% to EUR 158.5 million. EBITDA up by 40% YoY to EUR 15.8 million. In the Q3, turnover increased by 17% and operating profit improved by 25%.

SKW Metallurgie's Group turnover increased by around 17% YoY rising from EUR 44.9 million to EUR52.5 million in the Q3. On a cumulative basis, turnover for nine months increased by 10% YoY, up from EUR 144.2 million to EUR 158.5 million. Highlights
1. Nine month turnover increased by 10% to EUR 158.5 million
2. EBITDA rises by 40% to EUR 15.8 million after three quarters
3. Medium term outlook clearly lifted following ESM integration

Mr Ines Kolmsee CEO of SKW Metallurgie said that “After three quarters of 2007, SKW Metallurgie is showing clear improvements in turnover and earnings. ESM will realize full turnover and EBITDA contributions from 2008, which is why we have made an upward adjustment to our medium-term forecast for 2011.”

SKW Metallurgie is one of the world market leader for numerous chemical additives for hot metal desulphurization and for secondary metallurgy.