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Campine expects a substantial surge in profits in 2025 due to the rise in demand for its antimony products.
Globenewswire· 2025-05-28 06:00
Core Viewpoint - Campine NV anticipates significantly higher profits for 2025 due to increased demand for its antimony products, driven by export restrictions in China since late 2024 [1][2]. Group 1: Demand and Sales Performance - The company has experienced a 35% average increase in global sales volumes of antimony trioxide, with overseas sales more than doubling due to reduced demand in Europe [2]. - Campine has secured orders from new customers worldwide, indicating a strong market response to its products [2]. Group 2: Financial Forecast - For the first half of 2025, Campine forecasts sales revenue of approximately €380 million and an EBITDA of at least €50 million, a significant increase from €169 million in sales and €19.7 million in EBITDA for the same period in 2024 [3]. - Antimony metal prices have reached a record level of $60,000 per ton, contributing to expectations of higher sales revenue and profits [2]. Group 3: Market Volatility and Future Outlook - The company notes that it is too early to predict full-year performance due to current market volatility and typically lower demand during summer months [4]. - Recent stabilization of antimony prices may reduce the positive impact of increased business volumes and stock value augmentations in the second half of the year [4].