The BENTELER Group is propelling its business growth with an accelerated trajectory. Following the early and triumphant completion of its restructuring phase, the company is now eyeing further investments in burgeoning markets, digitalization, sustainability, and groundbreaking innovations. Notably, BENTELER recently expanded its automotive plant in Schwandorf, specializing in the production of battery trays. This third expansion within a few years serves to fortify BENTELER's foothold in the domains of e-mobility and lightweight construction.Having successfully secured long-term financing until 2028, as recently concluded, Michael Baur, Chief Restructuring Officer (CRO), will now gracefully step down from his role within the BENTELER Group, as planned.Major transformation milestones have been achieved, as exemplified by the recent successful placement of secured bonds equivalent to EUR 975 million with international investors across Europe and the USA. This, combined with new credit lines, replaces the restructuring financing put in place since 2020 and extends regular financing until 2028. Originally scheduled for the end of 2024, this step was brought forward.The basis for this accelerated timeline, alongside favorable conditions in the capital market, is the remarkable earnings performance of the BENTELER Group. In 2022, this specialist in metal processing witnessed a surge in sales, reaching approximately EUR 9.0 billion (compared to EUR 7.3 billion in 2021). Furthermore, the operating result (EBITDA) soared to EUR 703 million, significantly surpassing the previous year's figure of EUR 332 million.Recent months have witnessed various measures implemented by the BENTELER Group to consolidate its position as a globally recognized partner in the automotive and steel tube sectors. These initiatives encompass intensifying collaborations with existing customers, acquiring new clientele, leveraging the market potential in the realm of e-mobility, expanding business in growth markets like China and Eastern Europe, investing domestically in Germany, and enhancing overall operational efficiency. Moreover, BENTELER remains steadfast in its commitment to sustainability, exemplified by initiatives such as the "Green Tubes" program, which aims to reduce the carbon footprint of production and products within the Steel/Tube business.
The BENTELER Group is propelling its business growth with an accelerated trajectory. Following the early and triumphant completion of its restructuring phase, the company is now eyeing further investments in burgeoning markets, digitalization, sustainability, and groundbreaking innovations. Notably, BENTELER recently expanded its automotive plant in Schwandorf, specializing in the production of battery trays. This third expansion within a few years serves to fortify BENTELER's foothold in the domains of e-mobility and lightweight construction.Having successfully secured long-term financing until 2028, as recently concluded, Michael Baur, Chief Restructuring Officer (CRO), will now gracefully step down from his role within the BENTELER Group, as planned.Major transformation milestones have been achieved, as exemplified by the recent successful placement of secured bonds equivalent to EUR 975 million with international investors across Europe and the USA. This, combined with new credit lines, replaces the restructuring financing put in place since 2020 and extends regular financing until 2028. Originally scheduled for the end of 2024, this step was brought forward.The basis for this accelerated timeline, alongside favorable conditions in the capital market, is the remarkable earnings performance of the BENTELER Group. In 2022, this specialist in metal processing witnessed a surge in sales, reaching approximately EUR 9.0 billion (compared to EUR 7.3 billion in 2021). Furthermore, the operating result (EBITDA) soared to EUR 703 million, significantly surpassing the previous year's figure of EUR 332 million.Recent months have witnessed various measures implemented by the BENTELER Group to consolidate its position as a globally recognized partner in the automotive and steel tube sectors. These initiatives encompass intensifying collaborations with existing customers, acquiring new clientele, leveraging the market potential in the realm of e-mobility, expanding business in growth markets like China and Eastern Europe, investing domestically in Germany, and enhancing overall operational efficiency. Moreover, BENTELER remains steadfast in its commitment to sustainability, exemplified by initiatives such as the "Green Tubes" program, which aims to reduce the carbon footprint of production and products within the Steel/Tube business.
