Report
Piotr Łopaciuk

Alumetal - 1Q 19 results below expectations (negative)

Research prepared by PKO BP Securities
Underlying
Alumetal SA

Alumetal Sa. Alumetal SA is a Poland-based company engaged in the aluminum industry. The Company specializes in the manufacture of aluminum casting alloys, primary alloys and steel deoxidizers for steelworks. It offers two types of alloys: one-notch ingots of six to eight kilos and two-notch of 13 kilos that may be steel-, plastic-, or aluminum strapped into single or double bundles of 500-900 kilos and also foil wrapped on customer's request. In addition, the Company's product portfolio comprises steel scrap, such as scrap in the form of chips, cut with press and shearing machine, large-size scrap grades and mixed grades of steel scrap; non-ferrous metal scrap, including zinc castings, magnesium castings and acid resistant steel; aluminum dross; and finest sieve fraction. In July 2014, Alu Holdings S.a r.l. sold 55.56% of the Company.

Provider
PKO Bank Polski
PKO Bank Polski

Analysts
Piotr Łopaciuk

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