IRCE S.p.A.

Equities

IRC

IT0001077780

Electrical Components & Equipment

Market Closed - Borsa Italiana Other stock markets 11:44:59 2024-04-24 am EDT			5-day change	1st Jan Change
2.16 ^EUR	0.00%		0.00%	+9.64%

Mar. 19	Futures passive; BoJ abandons negative rates.	AN
Mar. 18	Milan at parity; De Nora on bottom after accounts	AN

IRCE S p A : 1st Half 2021 Financial Results Presentation Virtual STAR Conference 2021 Fall Edition 13th October 2021

October 12, 2021 at 06:32 am EDT

1st Half 2021 Financial Results, Virtual STAR Conference 2021 - Fall Edition, 13th October 2021

1st Half 2021 Financial Results Presentation

Irce Spa	1
Via Lasie, 12/A - 40026 Imola BO - Italy	www.irce.it

1st Half 2021 Financial Results, Virtual STAR Conference 2021 - Fall Edition, 13th October 2021

IRCE Group - Contents

Company Profile

•Highlights •The Businesses •Production Plants

Financial Results

•Copper and Aluminium Price Trend

•Profit and Loss Statement

•Balance Sheet

•Business Performance

•Market Performance

Irce Spa	2
Via Lasie, 12/A - 40026 Imola BO - Italy	www.irce.it

1st Half 2021 Financial Results, Virtual STAR Conference 2021 - Fall Edition, 13th October 2021

Company Profile - Highlights

IRCE is a leading European Group operating in the industries of magnet wires and cables

IRCE Today	U.m.	1°H 2021	1°H 2020	FY 2020
Number of employees	Nr	724	707	708
TURNOVER	Eur M	228.0	136.7	295.3
EBITDA	Eur M	17.0	2.6	10.8
EBITDA Adj*	Eur M	15.7	2.9	12.2
EBIT	Eur M	11.5	(1.0)	3.2
EBIT Adj*	Eur M	10.2	(0.6)	4.6
RESULT of the period	Eur M	6.7	(0.4)	2.7

(*) Including gains/losses on copper and energy derivatives transactions

	History
1947	IRCE began its activity in Imola (Italy) with the production of magnet wires
1961	The company started the production of PVC insulated low voltage cables
1996	The Group was listed on the Italian Stock Exchange
1998	Acquisition of Smit Draad Nijmegen BV (The Netherlands)
2001	Acquisition of FD Sims Ltd (UK)
2001	The Group was listed on the Star Market Segment
2007	Construction of Brazil Plant
2007	Acquisition of Stable Magnet Wire P. Ltd (India)
2010	Acquisition of ISODRA GmbH (Germany)
2015	New sales office in Poland
2018	Established the Company in China
2021	Established the Company in Czech Republic

Irce Spa	3
Via Lasie, 12/A - 40026 Imola BO - Italy www.irce.it

1st Half 2021 Financial Results, Virtual STAR Conference 2021 - Fall Edition, 13th October 2021

Company Profile- The Businesses

IRCE Group works in two business areas:

•	Magnet wires	81% of sales
•	Energy cables	19% of sales

Sales breakdown by business areas

Sales breakdown by geographical area

Energy cables

Magnet Wires

19%

81%

Irce Spa	4
Via Lasie, 12/A - 40026 Imola BO - Italy	www.irce.it

1st Half 2021 Financial Results, Virtual STAR Conference 2021 - Fall Edition, 13th October 2021

Company Profile- The Businesses

Magnet Wires

Magnet wires, also known as winding wires or enamelled wires, have multiple applications such as electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. The wire is insulated through the application of many layers of enamels by means of highly sophisticated processes and machines, which demand high levels of investments and large scale of productions.

Energy Cables

Cables produced by the Group encompass the complete range of Low Voltage and Medium Voltage building and industrial cables, and power cords with plugs. Cables can be insulated with PVC, rubber, polyethylene, etc.. They are used for the construction of electricity plants in residential and industrial buildings and for the wiring and cabling of electrical appliances. The principal final industry sectors are the construction industry, housing and industrial applications, and consumer durables industries (domestic appliances and other electrical appliances).

Irce Spa	5
Via Lasie, 12/A - 40026 Imola BO - Italy	www.irce.it

Questo è un estratto del contenuto originale. Per continuare a leggere, accedi al documento originale.

Attachments

Original document
Permalink

Disclaimer

IRCE S.p.A. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 10:31:01 UTC.

Latest news about IRCE S.p.A.

Futures passive; BoJ abandons negative rates.	Mar. 19	AN
Milan at parity; De Nora on bottom after accounts	Mar. 18	AN
IRCE closes 2023 with drop in revenue and profit	Mar. 15	AN
IRCE S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 14	CI
Futures up; US inflation does not dampen buying	Mar. 13	AN
Mib rises to 33,700; MPS and BPER at annual highs	Mar. 12	AN
Sogefi in the lead; Beewize still bearish	Mar. 12	AN
Futures up in wake of Asia and New York rises.	Dec. 27	AN
Mib closes up slightly before break	Dec. 22	AN
Mib at parity; confidence in Italy improves	Dec. 22	AN
Indices down slightly; Brent rises above USD80	Dec. 22	AN
IRCE to invest EUR45 million to strengthen position in EU market	Dec. 21	AN
IRCE S.p.A. Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 14	CI
IRCE in nine months reports rising profit and falling revenues	Nov. 14	AN
IRCE S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-13	CI
IRCE, half-year profit increases but revenues fall	23-09-13	AN
European stock markets down; MPS tops on Mib.	23-09-13	AN
Europeans down; Brent crude above USD92	23-09-13	AN
Stock markets expected down on U.S. inflation day	23-09-13	AN
Stock exchanges mixed; Brent over USD92	23-09-12	AN
IRCE S.p.A. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
IRCE closes with turnover down; Ebitda in line, profit up	23-05-15	AN
IRCE, profit and sales fall slightly; there's dividend	23-03-15	AN
IRCE S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-14	CI
IRCE S.p.A. Reports Earnings Results for the Nine Months Ended September 30, 2022	22-11-13	CI

Chart IRCE S.p.A.

Duration

Period

More charts

Company Profile

IRCE SpA is an Italy-based cable producer. The Company's activities are structured into two segments, Winding Wires and Cables. Winding Wires products include winding wires, which are used in the manufacture of electric motors, generators, transformers, relays and solenoids. Cables segment includes energy and data cables for the construction sector and for electrical equipment. The Company operates through factories located in Italy, in the municipalities of Imola, Guglionesi, Umbertide and Miradolo Terme, in the Netherlands, the United Kingdom, Brazil, India and Germany. Through its subsidiaries, the Company is also engaged in the distribution of its products. The Companyâs subsidiaries include Isomet AG, Smit Draad Nijmegen BV, FD Sims Ltd, Isolveco Srl, DMG GmbH, IRCE SL, IRCE Ltda, ISODRA Gmbh, Stable Magnet Wire P Ltd and IRCE Kablo Ve Tel Ltd.

Sector

Electrical Components & Equipment

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

More about the company

Income Statement Evolution

More financial data

Ratings for IRCE S.p.A.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2.16 EUR

Average target price

3 EUR

Spread / Average Target

+38.89%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Wires & Cables

	1st Jan change	Capi.
IRCE S.P.A.	+9.64%	62.03M
PRYSMIAN S.P.A.	+23.44%	14.59B
WALSIN LIHWA CORPORATION	-2.98%	4.65B
NEXANS	+23.66%	4.59B
ENCORE WIRE CORPORATION	+32.21%	4.48B
KEI INDUSTRIES LIMITED	+21.35%	4.36B
RIYADH CABLES GROUP COMPANY	+2.70%	3.77B
NINGBO ORIENT WIRES & CABLES CO.,LTD.	-7.60%	3.73B
LS CORP.	+31.12%	2.45B
R R KABEL LIMITED	+4.99%	2.22B

Wires & Cables