Carbures increases its revenue in the first six month period by 41%
The EBITDA improves by 57%, leaving it at -2.6 million, forecasting 2.8 million by the closing of this financial year.
• The Group gets its financial situation back on track, due fundamentally to an increase in sales in the aeronautic sector and it raises its operating revenue to 30.2 million Euros.
• The Company foresees that it will close this financial year with financial equilibrium with an EBITDA of 2.8 million Euros.
In Madrid on the 30th of September 2015. In Madrid on the 30th of September 2015. Carbures gets back on the right track and expects to finish the year close to financial equilibrium. The Industrial group, specialised in the manufacturing of pieces and structures made from carbon fibre, invoiced 28.6 million Euros in the first six month period of 2015, a growth of 41% in comparison to the sales carried out during the same period in 2014 (20.2 million). The operation revenue has risen to 30.2 million Euros, 38% more than in the first six month period of the previous year. In addition, Carbures has improved its EBITDA for the first six month period, leaving it at -2.6 million, 57% better than the -6.2 million of the same period in the previous financial year.
The increase in the Company's revenue is due to an increase in the revenue from their aeronautic activity: invoicing 4.7 million more than the first six month period of the 2014. The factories in Jerez de la Frontera and Illescas have seen their orders of plane part increase in the first half of this year. The Company have specifically prepared their plant in El Puerto Santa María for the manufacturing of new pieces for the A320 NEO in order to meet the increasing demand. Carbures has considered the possibility of increasing its industrial production in aeronautics in the near future, given the ramp up or exponential growth of orders.
"The results of the first half of the year evidently shows that Carbures has got its financial situation back on track, that it has consolidated as a group and that it has reached high levels in industrial processes in the aeronautic sector" confirms the President of Carbures, Rafael Contreras. "As soon as we are able to add the definitive boost in the production of pieces for the automotive sector to these figures, the Company will have a very respectable cruising speed," adds Contreras.
Carbures forecasts that they will hand over the manufacturing line for large batches of car pieces made with carbon fibre, patented technology and named Rapid Multi-Injection Compress Process (RMCP) before the end of this year, technology which will compete with the traditional metal manufacturing lines. At present, the Company is working with the Chinese authorities to finalise the permission and bureaucratic procedures necessary for sending these lines, given that it is their own technology, which is innovative and unique in the world, and it requires special authorisation. The orders of these lines by Hengrui will increase up to a rate of three per year in 2016 and 2017.
From an industrial point of view, Carbures points out that their aeronautic production plant in Harbin, China, is now set up and they are ready to begin production. In addition, Carbures has already signed the first adjudications of manufacturing contracts of aeronautic pieces in this country.