Swiss Steel’s order backlog at the end of 2020 increased by 36pc to 566,000mt compared to the end of 2019. The company attributed the increased inflow of order to a “slight recovery” in the automotive sector.
Swiss Steel’s sales volume declined by 16.1pc to 1.5mn mt in 2020 compared to 1.8mn mt in 2019. However, its Q4 2020 sales volume increased by 14.7pc to 445,000mt compared to 388,000mt in Q4 2019.
Its revenue in 2020 decreased by 23.2pc to €2.28mn ($2.7mn) from €2.98mn in 2019 while its Q4 2020 revenue dropped by 2.3pc to €604,500 compared to €619,000 in the same quarter of 2019.
The firm’s adjusted EBITDA reflected a €68.9mn loss in 2020 compared to a profit of €51.2mn in 2019 while its adjusted EBITDA in Q4 2020 saw a profit of €4.1mn compared to a profit of €1.4mn in Q4 2019.
($1 = €0.84)