Heinzel Group was again able to achieve growth in 2015 with a rise in sales revenues of 5.3% to EUR 1,480.4 million. This purely organic increase is all the more notable in view of the fact that owing to damage the plants in Pöls and Laakirchen demonstrated lower production output. While as a consequence sales in the Industrial Business Area were 6.6% down on the level of the preceding year at EUR 485.8 million, trading gained 11.4% to stand at EUR 1,109.2 million. Apart from geographical business expansion, the basis for this increase in trading sales revenues was furnished by the enlargement of the product range. Of the total of 3,324,768 tonnes of pulp and paper sold (+ 2.4%), 28% were produced in the group’s own plants. The remainder was marketed for third party suppliers. The operative result (EBIT) of EUR 94.2 million surpassed that of the previous year by 39.8%. A significant factor in this considerable rise was the positive cost effect derived from the favourable price trend for both raw materials and energy.
For the first quarter ended 31 March 2021 Lecta had revenue of €270.8 million versus €316.6 million in the first quarter ended 31 March 2020, a decrease of €45.8 million or -15%. This decrease was essentially attributable to COVID-19 pandemic:
• Lower sales of CWF, Specialties and Purchased Products of €46.9 million or -16%, from €299.3 million in 1Q2020 to €252.4 million in 1Q2021, resulting from lower sales volumes of 35,100 metric tonnes or -12%, with 264,900 metric tonnes in 1Q2021 vs 300,000 metric tonnes in 1Q2020, and a decrease in average net sales price of 45€/t or -4.5%, with 953€/t in 1Q2021 vs 998€/t in 1Q2020; and
• Higher sales of energy of €1.1 million or +6.5%, from €17.3 million in 1Q2020 to €18.4 million in 1Q2021, resulting from lower sales volumes of 19,400 MWh or -6%, with 290,300 MWh in 1Q2021 vs 309,700 MWh in 1Q2020, and an increase in average net sales price of 8€/MWh or +14%, with 63€/MWh in 1Q2021 vs 56€/ MWh in 1Q2020.
Raw Materials and Consumables Used
The costs of raw materials and consumables used decreased by €14.3 million, or -9.1%, from €156.0 million in 1Q2020 to €141.7 million in 1Q2021, and as a percentage of revenue they increased from 49.3% in 1Q2020 to 52.3% in 1Q2021. The absolute decrease was mainly attributable to lower purchased volumes, and to an increase in the average consumption price of pulp of 5€/t.
EBITDA decreased by €14.7 million, or -61%, from €24.2 million in 1Q2020 to €9.5 million in 1Q2021. This decrease was essentially due to lower sales of paper in volume. It was also due to lower sales prices, lower margin on unit variable costs, and nearly stable fixed costs.
further details at: https://cmspro.lecta.com/DownloadAreaDocuments/LectaLtd_Q1_2021_Interim_Report.pdf