COIL : 2020 SALES CLOSE TO TARGET AT €23M
28 Januar 2021 - 5:45PM
COIL : 2020 SALES CLOSE TO TARGET AT €23M
2020 SALES CLOSE TO TARGET AT
€23M
COIL, world leader in aluminium anodising,
announces annual Sales of €23 million for the 2020 financial year,
down 23% compared with 2019, but close to the target of €24
million. Tolling Sales were adversely impacted throughout the
financial year by the consequences of the Covid-19 pandemic on the
activity of European rolling mill customers and distributors.
Package Sales reached a historically high level compared to a
record year in 2019.
❖
Sales evolution by quarter and by activity
(€M) |
2020 |
2019 |
Variation |
Q1 |
5,65 |
5,46 |
+ 3.5 % |
Q2 |
6,04 |
6,63 |
- 9.0 % |
Q3 |
5,29 |
10,65 |
- 50.3 % |
Q4 |
6,02 |
7,04 |
- 14.5 % |
Annual total |
23,00 |
29,78 |
- 22.8 % |
Of which |
|
|
|
Tolling Sales |
16,21 |
20,75 |
- 21.9 % |
Package Sales1 |
6,79 |
9,03 |
- 24.9 % |
❖
Tolling Sales: negative impact of the crisis on rolling
mill and distributor demand
Tolling Sales (€16.2 million) were 22% lower
than in 2019 and accounted for 70.5% of annual sales, compared with
69.7% in 2019. They were impacted by the sharp fall in demand from
rolling mills and distributors in Europe in an unprecedented
environment dominated by disruptions in the supply chain at the
start of the pandemic, temporary stoppages in several industry
sectors and significant destocking in the distribution chain.
Against this backdrop, the Company reorganised
its production capacity at its two sites in Belgium and Germany
from the outset of the crisis in order to maximise the variability
of production costs, while at the same time implementing reinforced
sanitary measures.
❖
Steady Package Sales despite the economic environment and
an unfavourable basis for comparison
Package Sales, where the Company supplies
continuously anodised aluminium directly to the end customer under
the ALOXIDE® brand name, decreased by 25% to €6.8 million and
represented 29.5% of annual sales, compared with 30.3% in 2019.
These figures contrast with a record year in 2019, which included
major orders delivered in China during the second half of the year.
After a downturn in the third quarter, the end of 2020 was
stronger, with sales comparable to the previous year, despite the
postponement of a €0.9 million shipment which, at the customer's
request, was delivered and invoiced in January 2021.
❖
Outlook
In a challenging environment, the achievements
in the 2020 financial year confirm the relevance of the actions
undertaken to diversify the Company's end markets and support its
direct sales under the ALOXIDE® brand.
Although the future economic environment
resulting from the pandemic remains uncertain, the Company is
confident in its development plan, which capitalises on a
diversified portfolio of premium, sustainable and lower carbon
footprint anodised product, with significant new market
opportunities worldwide, particularly in the construction and
architectural industries.
With a flexible and efficient industrial
organisation, a growing geographic footprint and a solid financial
position, COIL is able to respond successfully to customer needs
and a rapid recovery in demand in all of its end markets.
❖
Indicative 2021 calendar
● 30th April 2021 |
2020 annual results and annual financial report |
● 2nd June 2021 |
Annual General Meeting |
● 28th July
2021 |
First half 2021 sales |
● 29th October 2021 |
First half 2021 results and half-year financial report |
Press releases are issued after close of
trading.
About
COIL
COIL is the world's leading anodiser in the
building and industrial sectors and trades under the ALOXIDEÒ brand
name.
Anodising is an electrochemical process which
develops a natural, protective oxide layer on the surface of
aluminium and can be coloured in a range of UV-proof finishes. It
gives the metal excellent resistance to corrosion and/or reinforces
its functional qualities. Anodising preserves all the natural and
ecological properties of aluminium; it retains its high rigidity
and excellent strength-to-weight ratio, its non-magnetic
properties, its exceptional resistance to corrosion. The metal
remains totally and repeatedly recyclable through simple
re-melting. Anodised aluminium is used in a wide variety of
industries and applications: architecture, design, manufacturing
and the automotive sector. COIL deploys an industrial
model that creates value by leveraging its unique know-how, its
operational excellence, the quality of its investments and the
expertise of its people. COIL has around 130 employees in Belgium
and Germany and generated a turnover of around €30 million in
2019.
Listed on Euronext Growth Paris | Isin:
BE0160342011 | Reuters: ALCOI.PA | Bloomberg: ALCOI: FP
For more information, please visit
www.coil.be
Contact
COILTim Hutton | Chief Executive
Officertim.hutton@coil.be | Tel. : +32 (0)11 88 01 88 |
CALYPTUSCyril Combe cyril.combe@calyptus.net |
Tel. : +33 (0)1 53 65 68 68 |
1 Anodising and metal included
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