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Dillinger Group announces result for 2018 financial year-2019 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
4/18/2019 - Laser Equipment, Sheet Metal Industry expo |
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Dillinger Hüttenwerke CEO Mr Tim Hartmann said that “The Dillinger Group is struggling mightily with the structural problems in the heavy plate market, coupled with strong pressure on volumes and prices. As a result, the financial year was marked by a decline in shipments. Nonetheless, thanks to the revenue increases achieved, it was possible to compensate for the pressure on margins and increase consolidated sales by 3.7 %. The Group achieved positive earnings figures in the 2018 financial year but these still fell short of our expectations. The heavy plate business continued in 2018 to be highly competitive for European manufacturers and capacity utilization at the Eurofer plants fell again (63 %), as did overall heavy plate production. The EU steel pipe sector suffered a significant decline in activity especially in the large-diameter pipe industry, due to a lack of pipeline projects, and in the offshore wind sector, due to project postponements. In contrast, the business situation in the machine manufacturing and construction industries was very good. While exports to third countries declined, imports to the EU remained at a high level. Considering the level of the reference quantity (average of imports from 2015 to 2017), the safeguard measures introduced by the EU have remained rather ineffective for the heavy plate market in the current market situation.”
2018 Highlights
Production at the rolling mills in Dillingen and Dunkirk, at the wholly owned subsidiary Dillinger France, declined by 6.5 % to 1.910 million tonnes, compared with 2.043 million tonnes in 2017
Thanks to an increase in revenues, consolidated revenues improved by 3.7 % to EUR 2.202 billion (previous year: EUR 2.122 billion), despite a decline in unit sales
Consolidated EBITDA amounted to EUR 178 million (2017: EUR 210 million) and EBIT were EUR 55 million (2017: EUR 87 million)
Investments in the Dillinger Group amounted to EUR 54 million (2017: EUR 58 million). Of the EUR 90 million in investments decided for Dillinger and Saarstahl in autumn 2018, EUR 48 million will go solely towards improving environmental protection at the Dillingen site
At the end of the financial year, 4,919 people were employed at the Dillingen site (31 Dec. 2017: 4,932). These employees worked at Dillinger itself, at Zentralkokerei Saar GmbH, and at ROGESA Roheisengesellschaft Saar mbH. A total 7 310 people are employed by the Dillinger Group (2017: 7.341)
Mr Tim Hartmann, describing the outlook for the current financial year said that “The challenges in the heavy plate market continue to be serious and our forecasts for 2019 at Dillinger are cautious. We therefore anticipate a slight decline in unit sales and Group sales. Systematic advancement and intensification of cost-cutting measures and efforts to increase efficiency are imperative if noticeable effects are to be generated already in 2019. Our customers value our know-how as well as our quality and service. The joint strategy process already initiated for Dillinger and Saarstahl will be used to ensure that we continue to develop in line with the needs of our customers worldwide and are consistent in our harnessing of new growth potential. Dillinger steel is making an important contribution to shaping the energy transition.”
钣金展-激光设备展-2019年广州国际激光设备及钣金工业展
-2019 China(Guangzhou) Int’l Laser Equipment and Sheet Metal Industry Exhibition
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