In H1, the company observed an increase in revenues of 20% YoY, decrease in EBITDA of 1.3% and a decrease in net profit of 8.8%.

As Impol Seval published their H1 2019 report, we are bringing you key takes from it. According to the report, the company recorded an increase in revenue of EUR 60.87m, representing an increase of 20% YoY. The company attributes this increase to the achieved production results, favorable market trends in the area of procurement of metals and a stable (Dinar) exchange rate.

Of the total revenues, the foreign market accounts for 94%, while 96% of the company’s production relates to exports to mostly Germany, USA, Russia and Italy.  

In H1 Impol Seval produced 32,012 tons of aluminum products, which represents an increase of 3.7% YoY, but a 3.7% decrease compared to the planned production.

Turning our attention to the operating expenses, in H1 they amounted to EUR 57.6m, which represents a 22% YoY increase. The mentioned increase came mostly due to the rise in changes in inventories of work in progress and finished goods by EUR 4.2m and an increase in material costs by EUR 1.4m.

As a result of the higher operating expenses, EBITDA observed a slight decrease of 1.3% YoY, amounting to EUR 5.12m.

In H1, the company’s EBIT amounted to EUR 3.3m, representing a decrease of 6% YoY, while net profit amounted to EUR 3.2m (-8.8% YoY)

Impol Seval Performance (H1 2019 vs H1 2018) (EUR m)