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Slovenia's SIJ net profit rises to 29 mln euro in 2021

Author Radomir Ralev
Slovenia's SIJ net profit rises to 29 mln euro in 2021 Author: SIJ. License: All rights reserved.

LJUBLJANA (Slovenia), March 24 (SeeNews) - Slovenian steel group Slovenska Industrija Jekla (SIJ) said it turned to a consolidated net profit of 29.2 million euro ($32.1 million) in 2021.

"SIJ generated 100.8 million euro in EBITDA, which is 2.7 times more than in 2020. The EBITDA margin amounts to 10.5% and is 5.1 percentage points higher than last year. In 2021, net profit amounted to 29.2 million euro," the company said in a filing with the Ljubljana Stock Exchange on Wednesday.

The steel group recorded a net profit of 3.9 million euro in 2020.

SIJ generated 962.7 million euro in sales revenue in 2021, which is 36.8% more than last year, and the company allocated 56.0 million euro for investments, it said.

In February, SIJ signed a seven-year syndicated agreement worth 230 million euro with a group of nine foreign and domestic banks to provide additional liquidity reserves for long-term development of the group, it added.

The SIJ Group is the largest vertically integrated metallurgical group in Slovenia, occupying with its products leading positions on European and global niche steel markets.

($ = 0.904117 euro)

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