25.11.2020 Befesa S.A.  LU1704650164

DGAP-News: Befesa S.A.: Befesa to distribute additional €10m dividend


DGAP-News: Befesa S.A. / Key word(s): Dividend/Forecast
Befesa S.A.: Befesa to distribute additional €10m dividend

25.11.2020 / 15:11
The issuer is solely responsible for the content of this announcement.



Additional dividend distribution

Befesa to distribute additional €10m dividend

- Total dividend distribution in 2020 represents 30% of FY 2019 profit or €25m / €0.73 per share

- Quarter-on-quarter recovery continues

- Hedge book extended to January 2023, providing increased earnings and cash flow visibility

- China expansion progressing as planned

Luxembourg, 25 November 2020 - Befesa S.A. ("Befesa"), the European market leader for steel dust and aluminium salt slags recycling services, has decided to distribute an additional dividend of €10m or €0.29 per share, respectively, to its shareholders. As announced in April, the Board of Befesa reviewed this option on the basis of 9M 2020 results. Together with the dividend distribution of €15m (€0.44 per share) in July, Befesa will have distributed a total dividend of €25m (€0.73 per share) in 2020, equal to 30% of FY 2019 profit of €82.7m. The ex-date for the dividend will be 30 November 2020, the record date is 1 December 2020 and the payment date 4 December 2020.

Befesa's quarter-on-quarter (QoQ) recovery remains on track, Q4 results are expected to be higher than those in Q3 and the company just recently confirmed the mid-point of its FY 2020 EBITDA guidance range of €100 to €135m.

The company also successfully extended its hedge book covering the coming two years, 2021 and 2022, until January 2023, at the usual 60-75% zinc equivalent tonnage and at solid prices of around €2,200 per tonne, providing further earnings and cash flow visibility.

Befesa's expansion projects in China continue to progress on schedule, with the construction of the first two state-of-the-art EAF steel dust recycling plants expected to be completed during the first quarter of 2021 and after the summer of 2021, respectively.

Javier Molina, CEO of Befesa, said: "Following our efforts to balance both dividend stability and cash flow over the past months, we are delighted that we will be able to pay our shareholders a second dividend, bringing the dividend distribution in 2020 to a total of €25m, equal to 30% of last year's net profit. Our strong balance sheet, high liquidity, and resilient business model have shown that we are well equipped to continue delivering solid operational performance even as COVID-19 keeps disrupting the global economy. 2021 will be an important year for Befesa as we expect to continue our QoQ recovery and achieve key milestones in our expansion initiatives in China, which will set the foundation for accelerated volume and earnings growth in the coming years."

Befesa will present its preliminary FY 2020 results on February 23, 2021. The financial calendar is available in the Investor Relations / Investor's Agenda section on Befesa's website. For more information, please visit www.befesa.com

About Befesa
Befesa is a leading international provider of critical environmental, regulated services to the steel and aluminium industries with facilities located in Germany, Spain, Sweden, France and the UK, as well as in Turkey, South Korea and China. Through its two business units, Steel Dust and Aluminium Salt Slags recycling services, Befesa manages and recycles around 1.5 million tonnes of residues annually, with a production of around 1.2 million tonnes of new materials, which Befesa reintroduces in the market, reducing the consumption of natural resources. Further information can be found on the company's website: www.befesa.com

Investor Relations
Rafael Pérez
Email: [email protected]
Phone: +49 2102 1001 0

Media Relations
Maximilian Karpf
Email: [email protected]
Phone: +44 7970 716 953

25.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Befesa S.A.
46 Boulevard Grande-Duchesse Charlotte
1330 Luxembourg
E-mail: [email protected]
Internet: www.befesa.com
ISIN: LU1704650164
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London
EQS News ID: 1150605

End of News DGAP News Service

1150605  25.11.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 661,08 611,69 724,79 720,09 647,94 604,33 0,00
EBITDA1,2 132,66 128,80 152,98 175,97 159,56 123,49 0,00
EBITDA-Marge3 20,07 21,06 21,11 24,44 24,63 20,43 0,00
EBIT1,4 39,97 84,31 122,44 146,97 123,98 67,92 0,00
EBIT-Marge5 6,05 13,78 16,89 20,41 19,13 11,24 0,00
Jahresüberschuss1 -31,00 20,74 54,96 94,89 87,90 46,89 0,00
Netto-Marge6 -4,69 3,39 7,58 13,18 13,57 7,76 0,00
Cashflow1,7 54,57 56,07 91,55 103,84 102,52 92,54 0,00
Ergebnis je Aktie8 -1,06 -1,58 1,24 2,65 2,43 1,40 2,70
Dividende8 0,00 0,00 0,00 1,32 0,73 1,17 1,32
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2H5Z1 66,400 Kaufen 2.656,00
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
21,08 24,38 0,97 77,84
4,58 28,70 4,39 24,69
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
0,73 1,17 1,76 23.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.04.2021 29.07.2021 28.10.2021 25.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
7,76% 23,26% 29,43% 92,46%
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Befesa S.A.  ISIN: LU1704650164 können Sie bei DGAP abrufen

Umwelt/Recycling , A2H5Z1 , BFSA , XETR:BFSA