Strong Financial Performance
EBITDA and EBIT both up substantially. Trading margin increased by 22% despite flat sales volumes, indicating focus on margins is driving better financial outcomes.
SLS Segment Growth
SLS reported strong growth with repurposed units contributing to a nearly 21% increase in revenue and a 2.2 percentage point increase in EBIT margin.
Operational Improvements in NAM
NAM achieved a significant turnaround with a 3.5 percentage point increase in trading margin. Focus on buying unprocessed material increased shredder utilization and drove a 31% increase in zorba sales volumes.
Strategic Positioning in EAF Market
Well-positioned to supply existing and new EAFs in the U.S. with a strong network capable of supporting increased demand for scrap.
Cost Reduction Initiatives
Successfully delivered $64 million in annualized savings last year and targeting another $35 million in the current financial year.