Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2

Nyrstar,

published its financial statements on Tuesday morning. As he had announced, the Belgian smelter reported lower results year-on-year.

General Manager of the company, Hilmar Rode pointed out that Nyrstar had been exposed in the third quarter to adverse market conditions, market conditions that had led the management to publish a warning on results on September 20 last. In the end, the smelter reported an underlying gross operating surplus of 13 million euros, against 51 million a year earlier, a drop of 74%

Over the first nine months of the year , the same underlying EBITDA amounted to 134 million euros, down 17% year-on-year.

Disappointing results by the CEO attributed to the sharp drop in the price of zinc in the third quarter (down 22% from the average of the first half of the year) combined with processing costs historically low, higher energy prices in Europe and Australia, expenses related to the restart of the mine Myra Falls or low results from the mines of Middle Tennessee and Langlois.
 

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