COIL: STRONG SALES GROWTH IN 2019: + 18.3 %
28 Gennaio 2020 - 05:45PM
COIL: STRONG SALES GROWTH IN 2019: + 18.3 %
STRONG SALES GROWTH IN 2019: + 18.3
%
COIL, world leader in aluminium anodising, announces annual
Sales of €29.8 million for the 2019 financial year, an increase of
18% compared to 2018. The decline in Tolling Sales (-8%),
principally due to metal shortages, was largely offset by the very
strong growth in Package Sales (metal + anodising) (+244%).
Sales evolution by quarter and by
activity
(€M) |
2019 |
2018 |
Variation |
Q1 |
5.46 |
5.05 |
+ 8.1 % |
Q2 |
6.63 |
7.09 |
- 6.4 % |
Q3 |
10.65 |
6.99 |
+ 52.4 % |
Q4 |
7,04 |
6.05 |
+ 16.4 % |
Annual total |
29.78 |
25.17 |
+ 18.3 % |
Of which |
|
|
|
Tolling Sales |
20.75 |
22.54 |
- 8.0 % |
Package Sales1 |
9.03 |
2.63 |
+ 243.8 % |
Acceleration of sales growth in the
second half of the year: +36%
In 2019, COIL recorded a significant growth in its business
through continued geographical diversification. After a stable
first half, sales increased by 36% in the second half, bringing the
annual increase to 18%. This growth was driven by the strong
development of Package Sales - in which the Company supplies
continuous anodised aluminium directly to the end customer – which
drove a significant change in the Company's product mix.
Decline in Tolling Sales, principally
due to a temporary shortage in anodising quality
aluminium
Sales of tolling services in 2019 were mainly
affected by a shortage of anodising quality aluminium capacity at
the Company’s rolling mill customers. In this context, - outside
the control of the Company - sales of anodising services (€20.75
million) were 8% lower than those recorded in 2018, representing
69.7% of total sales, compared to 89.6% in 2018.
Growth of Package Sales and new business
dynamics in the Asian market
Package Sales increased as the Company continued
to develop new markets for anodised products, particularly in the
architectural sector. Sales increased in Europe and Asia. In China,
more than 1,000 tonnes of anodised aluminium were supplied in 2019
following the implementation of a new distribution agreement in Q2.
Package Sales reached a record level of €9.0 million, up 244%
compared to 2018, representing 30.3% of annual sales, compared to
10.4% in 2018.
Successful ramp-up of new production
lines
Over the year, COIL optimised its industrial installation with
the ramp-up of its two new state-of-the-art production lines. Line
6 – the new continuous anodising line in Germany - sets unrivalled
quality standards and gradually absorbed the production output of
Line 3 in Belgium, which was mothballed at the end of September
after nearly 35 years in service. The vertical anodising line in
Belgium, which enables just-in-time production of small series in a
wide range of finishes and sizes, confirmed its strategic
contribution by permitting a wide product range and increased
production flexibility.
Outlook: continued profitable
growth
In 2020, COIL intends to follow its profitable
growth strategy by capitalising on its outstanding anodised
product, by relying on an optimised industrial organisation and by
taking advantage of the numerous development opportunities existing
worldwide.
Indicative 2020 calendar
·29th April 2020 |
2019 annual
results and annual financial report |
·3rd June 2020 |
Annual General
Meeting |
·29th July 2020 |
First half 2020
sales |
·28th October 2020 |
First half 2020
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
Contacts
COILTim Hutton | Chief Executive
Officertim.hutton@coil.be | Tél. : +32 (0)11 88 01 88 |
CALYPTUSCyril Combe cyril.combe@calyptus.net |
Tél. : +33 (0)1 53 65 68 68 |
1 Anodising and metal included
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