Slovenian steel group Slovenska Industrija Jekla has reported its highest earnings to date in 2021. In 2021, net profit amounted to EUR 29.2 million. SIJ generated 100.8 million euro in EBITDA, which is 2.7 times more than in 2020. The EBITDA margin amounts to 10.5% and is 5.1 percentage points higher than last year. The steel group recorded a net profit of EUR 3.9 million in 2020. SIJ generated EUR 962.7 million in sales revenue in 2021, which is 36.8% more than last year, and the company allocated EUR 56.0 million for investments. SIJ Group generated 85.2 percent of its total sales revenues in foreign markets in 2021.In 2021, SIJ Group also realized certain projects from 2020 in addition to the planned investments, and so last year it dedicated EUR 56.0 million to capital expenditure. In February, SIJ Group signed a new syndicated facility agreement with a syndicate of nine foreign and domestic banks, for a new seven-year syndicated facility worth EUR 230 million to provide additional liquidity reserves to ensure SIJ Group’s long-term development and to finance investments, which, in accordance with SIJ Group’s strategy until the year 2025, will be geared towards increasing production efficiency and sustainable development, environmental projects, circular economy principles and energy efficiency.SIJ Group is Slovenia’s largest vertically integrated metallurgy group which incorporates circular economy principles in its operations, allowing its products to maintain leading market positions in European and global niche steel markets. SIJ Group is among Slovenia’s top exporters and is considered a key employer in the Gorenjska and Koroška regions. SIJ Group consists of five divisions:Steel Division (two of the largest Slovenian steel mills, SIJ Acroni and SIJ Metal Ravne),Manufacturing Division (SIJ Ravne Systems, SIJ Elektrode Jesenice, SIJ SUZ companies),Distribution and Processing Division (Slovenian, EU, and USA markets),Scrap Division (Slovenia and South-Eastern Europe) andHeadquarter and Other Services.
Slovenian steel group Slovenska Industrija Jekla has reported its highest earnings to date in 2021. In 2021, net profit amounted to EUR 29.2 million. SIJ generated 100.8 million euro in EBITDA, which is 2.7 times more than in 2020. The EBITDA margin amounts to 10.5% and is 5.1 percentage points higher than last year. The steel group recorded a net profit of EUR 3.9 million in 2020. SIJ generated EUR 962.7 million in sales revenue in 2021, which is 36.8% more than last year, and the company allocated EUR 56.0 million for investments. SIJ Group generated 85.2 percent of its total sales revenues in foreign markets in 2021.In 2021, SIJ Group also realized certain projects from 2020 in addition to the planned investments, and so last year it dedicated EUR 56.0 million to capital expenditure. In February, SIJ Group signed a new syndicated facility agreement with a syndicate of nine foreign and domestic banks, for a new seven-year syndicated facility worth EUR 230 million to provide additional liquidity reserves to ensure SIJ Group’s long-term development and to finance investments, which, in accordance with SIJ Group’s strategy until the year 2025, will be geared towards increasing production efficiency and sustainable development, environmental projects, circular economy principles and energy efficiency.SIJ Group is Slovenia’s largest vertically integrated metallurgy group which incorporates circular economy principles in its operations, allowing its products to maintain leading market positions in European and global niche steel markets. SIJ Group is among Slovenia’s top exporters and is considered a key employer in the Gorenjska and Koroška regions. SIJ Group consists of five divisions:Steel Division (two of the largest Slovenian steel mills, SIJ Acroni and SIJ Metal Ravne),Manufacturing Division (SIJ Ravne Systems, SIJ Elektrode Jesenice, SIJ SUZ companies),Distribution and Processing Division (Slovenian, EU, and USA markets),Scrap Division (Slovenia and South-Eastern Europe) andHeadquarter and Other Services.
