Befesa : High point of 2022 guidance looks achievable
>The main activity of recycling steel dust is performing strongly - In the steel dust business (EBITDA of € 55m, up +50%), Q1 benefited from: 1/ growth in the volume of Waelz Oxide (WOX) sold (+55%) with a total volume impact of +€ 14m on EBITDA thanks to the contribution of AZR in the US, acquired in August 2021, and the start-up of the first plant in China in December 2021; 2/ increase in prices (average price achieved at € 2,533 per tonne vs € 2,237 in Q1 2021) wi...Befesa is a services company principally engaged in the collection and recycling of steel dust and aluminum residues and other related industrial services and logistics. Co. also offers industrial recycling services to hazardous waste markets. Co. organizes its activities into three business segments: steel dust recycling services, salt slags recycling services and secondary aluminum production.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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