Befesa reports record H1 EBITDA of €94m, up 70% versus 2020
H1 2021 EBITDA grew by 70% to the highest recorded level of €94m, up €39m yoy; up 18% or €14m compared to H1 2019
Record liquidity with €197m cash and improved leverage of x2.2 at H1
China expansion on track: Plant in Jiangsu in trial production, whilst second plant in Henan is progressing on time and budget with completion scheduled in Q4
American Zinc Recycling Corp ( AZR ) acquisition signed on June 16, with closing expected to take place in August
Outlook for the remainder of the year remains very positive. Full year guidance for 2021 will be updated after the closing and consolidation of the AZR acquisition