Positive effects for Campine’s 2019 results
10 Febbraio 2020 - 3:30PM
Positive effects for Campine’s 2019 results
Regulated information – inside
information – 10 February 2020 – 15:30
On November 7th 2019, the General Court of the EU ruled in
favour of Campine in the battery case 40018 by acknowledging its
very limited participation in battery purchasing arrangements in
the period 2009-2012. As a result of this verdict, Campine was
awarded a refund of 3,9 mio € on the original fine.
The deadline for appeal in this case expired end
of January 2020 and the EC did not go into appeal in this matter,
neither did Campine. Consequently, the refund of 3,9 mio € becomes
final. Campine received the cash on its bank accounts in December
2019.
“As it is now clear that Campine is rather a
collateral victim than a real participant in making market
arrangements, we can leave this completely behind and focus on the
future.” says CEO De Vos. “The extra cash will help us to speed up
the expansion investment program for our recycling activities”.
The financial effect of this will be accounted for in the 2019
results. As the refund of the fine has no tax implications,
Campine’s net result for 2019 will be considerably higher than
expected in comparison to the normal operational returns originally
forecasted for 2019.
Outlook 2020
Demand for Campine’s products in Specialty
Chemicals showed an uptake at the start of 2020, whilst the battery
sector remained stable. The LME lead prices, which had gained some
ground, were impacted downwards with the general negative sentiment
related to the corona epidemic. For the same reason antimony metal
prices seem on the rise as a result of a potential global shortage
if Chinese production does not get up to speed (China produces more
than 50% of the worldwide need of antimony metal). As Campine
purchases large quantities of its antimony metal outside China, it
currently does not have supply risks.
Campine’s final results for the year 2019 will
be published end of March 2020.
For further information you can contact Karin
Leysen (tel. no +32 14 60 15 49) karin.Leysen@campine.com
Grafico Azioni Campine NV (EU:CAMB)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Campine NV (EU:CAMB)
Storico
Da Apr 2023 a Apr 2024