Provaluta Recycling SE
Recyc Commodities SE : Year end results for the Provaluta Metallrecycling GmbH
Recyc Commodities SE / Key word(s): Miscellaneous 07.02.2012 / 20:00 --------------------------------------------------------------------- Karlsruhe, February 7, 2012 - The Provaluta Metallrecycling GmbH, a 100 % subsidiary company of Provaluta AG (a 83 % holding of Recyc Commodities SE), reported EUR 12.5 million in revenues for the fiscal year 2011 (01.01.2011 - 31.12.2011) versus EUR 12.2 million for the previous 2010 period; reflecting an increase of approximately 3 %. This resulted in an after tax profit of roughly EUR 40,000.00. Provaluta Metallrecycling GmbH's total assets increased from EUR 1.4 million in 2010 to EUR 3.3 million for the fiscal year 2011. The company also significantly increased its equity-capital base from EUR 214,000 to EUR 825,000. Recyc Commodities SE's managing director, Mr Paul Bosmediano, commented: 'We are extremely happy with the developments at Provaluta Metallrecycling GmbH, which was acquired by Provaluta AG in 2011. In 2012, we will continue to expand our enormously profitable catalytic converter recycling business and further develop our electrical and electronic waste recycling operations, step by step. We see enormous growth potential in the recycling of electrical and electronic waste in the coming years due to stronger guidelines within the EU that will result in the mandatory recycling of electronic waste on a step by step basis of up to 85 % of all such waste by the year 2019. In addition to this we shall further our expansion plans, and continue to build our Rhodium stockpile (which is currently about 40 kg), making use of the favorable market conditions at hand.' About Provaluta Metallrecycling GmbH The Karlsruhe, Germany, based company extracts valuable raw materials such as Lead, Platinum, Rhodium and Palladium out of scrap metal. Provaluta Metallrecycling GmbH possesses a modern laboratory with the technology enabling it to predetermine the existing elements and their amounts in each catalytic converter, prior to its recycling. Overall, approximately 20 people are involved in the ambitious project 'Save resources by efficient recycling of metal'; from the purchase, the analysis, the certified processing, the storage, through to the distribution. About Recyc Commodities SE The Recyc Commodities SE finances potential high growth companies in the recycling industry, in their early and expansion phases. The financial holdings are concentrated on innovative firms situated for the most part in Germany. Recyc Commodities invests in partnerships as well as in exchange listed corporations. In exceptional cases, Recyc Commodities is also prepared to take over the management functions for certain specially picked companies and/or service providers in the recycling- and raw materials business. Further information about Recyc Commodities SE can be found in the internet under http://recyc.info/ Recyc Commodities SE Herrenstraße 9 76133 Karlsruhe Germany P.: +49 (0)721 94 880 0 F.: +49 (0)721 94 88011 E.: recyc@recyc.info End of Corporate News --------------------------------------------------------------------- 07.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 155755 07.02.2012
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