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Recylex SA (RXPA.PA)

RXPA.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Recylex H1 Consolidated Sales decrease To 153.5‍​ Million Euros
Thursday, 25 Jul 2019 

July 25 (Reuters) - Recylex Sa ::H1 CONSOLIDATED SALES EUR 153.5‍​ MILLION VERSUS EUR 194.6 MILLION YEAR AGO.EVOLUTION OF GROUP'S SALES DURING H1 2019 MAINLY REFLECTS THE DETERIORATION IN MARKET SITUATION, PARTICULARLY DUE TO DECLINE IN METAL PRICES, AS WELL AS LOWER ACTIVITY IN LEAD AND ZINC SEGMENTS - CEO.  Full Article

Recylex Reports Revised Cash Requirements For German Subgroup
Monday, 15 Jul 2019 

July 15 (Reuters) - RECYLEX SA ::REG-RECYLEX S.A.: PROJECTED 2019-2021 CASH REQUIREMENTS AND FINANCIAL AGENDA.GERMAN SUBGROUP'S CASH REQUIREMENTS FOR YEARS 2020 AND 2021 ARE ESTIMATED AT APPROXIMATELY EUR 40.0 MILLION (INCLUDING EUR 26.0 MILLION FOR 2020 AND EUR 14.0 MILLION FOR 2021).GROUP INDICATED PREVIOUSLY THAT IT HAD ESTIMATED GERMAN SUB-GROUP'S PROJECTED CASH REQUIREMENTS FOR 2019 AT EUR 44.4 MILLION.STUDIES TO TAKE SEVERAL MONTHS TO UPDATE GERMAN SUB-GROUP'S FINANCIAL ASSUMPTIONS AND FORECASTS FOR PERIOD 2022 TO 2024.ONCE STUDIES FINALIZED, FORECASTS ESTABLISHED, DISCUSSIONS WITH ALL FINANCING PARTNERS COULD BE REINITIATED.DISCUSSIONS WITH ALL FINANCING PARTNERS COULD BE REINITIATED TO DETERMINE IF A GLOBAL FINANCING AGREEMENT IS POSSIBLE.GERMAN SUB-GROUP RECEIVED AGREEMENT IN PRINCIPLE FROM GLENCORE INTERNATIONAL AG TO GRANT NEW BRIDGE FINANCING UP TO EUR 16 MILLION FROM AUG 1 TO 30 NOV 2019.GERMAN SUB-GROUP WESER-METALL GMBH (WMG) WILL FORMALLY REQUEST FROM ITS FINANCIAL PARTNERS TO POSTPONE TO NOV 30, 2019 THEIR RIGHTS OF EARLY TERMINATION UNDER EXISTING FINANCING.  Full Article

Recylex Requests Suspension Of Trading Of Its Shares
Monday, 8 Jul 2019 

July 8 (Reuters) - Recylex SA ::REG-RECYLEX S.A.: SUSPENSION OF TRADING OF RECYLEX SHARES.GIVEN EVOLUTION OF RECYLEX SHARE PRICE DURING T REQUESTED SUSPENSION GIVEN EVOLUTION OF RECYLEX SHARE PRICE DURING LAST TWO DAYS.SUSPENSION OF LISTING OF ITS SHARES PENDING PUBLICATION OF A PRESS RELEASE.  Full Article

Recylex says German unit needs more cash than initially forecast
Monday, 17 Jun 2019 

June 17 (Reuters) - Recylex SA ::* Financial partners have been informed of the projected cash requirements of the German subgroup for 2019..* Initially forecasted at €27.0 million, they are now estimated at €44.4 million for 2019..* Additional amount of €17.4 million is mainly due to significant deterioration in areas such as technical difficulties at the Weser-Metall GmbH lead smelter and recent worsening of commercial conditions.* Financial partners are analysing their position. The Group will keep investors informed about the situation..  Full Article

Recylex updates on financing of German sub-group
Friday, 24 May 2019 

May 24 (Reuters) - Recylex SA ::GERMAN SUBGROUP HAS REQUESTED ITS FINANCIAL PARTNERS TO EXTEND UNTIL JUNE 30TH 2019 THEIR WAIVER OF THEIR RIGHT TO EARLY TERMINATION OF THE EXISTING FINANCING CONTRACT.GROUP IS CONSIDERING WITH ITS ADVISORS WHETHER TO APPEAL TO COURT OF JUSTICE OF EUROPEAN UNION AGAINST THIS DECISION.WITHIN SCOPE OF UPDATE OF GROUP'S FORECASTS, AN ADDITIONAL CASH REQUIREMENT HAS BEEN IDENTIFIED FOR 2019.LISTING OF RECYLEX SHARE WILL RESUME ON MONDAY, MAY 27(TH) 2019 AT OPENING OF STOCK EXCHANGE.GERMAN SUBGROUP REQUESTED ALSO EXTENSION OF REPAYMENT DEADLINES DUE AT DECEMBER 31ST 2018 AND MARCH 31ST 2019.BRIDGE FINANCING GRANTED BY GLENCORE INTERNATIONAL AG WILL BE MAINTAINED UNTIL JUNE 30, 2019 WITH ITS AMOUNT BEING INCREASED BY EUR 4.3 MILLION.BRIDGE FINANCING GRANTED BY GLENCORE INTERNATIONAL AG TOTAL AMOUNT IS NOW EUR 21.3 MILLION.  Full Article

Recylex Q1 Total Consolidated Revenue Drops To 75.8 Million Euros
Wednesday, 24 Apr 2019 

April 24 (Reuters) - RECYLEX SA ::RECYLEX S.A.: FINANCIAL INFORMATION AT MARCH 31ST 2019.LEAD SEGMENT AFFECTED BY CHANGES IN SMELTER'S INPUT AND SALES MIX, AND BY FALL IN LEAD PRICES.CONTINUATION OF DISCUSSIONS WITH FINANCIAL PARTNERS, IN THE AIM TO REACH A GLOBAL FINANCING AGREEMENT BY MID-MAY 2019.ZINC SEGMENT ADVERSELY AFFECTED BY ITS HMG SUBSIDIARY'S MAJOR MAINTENANCE SHUTDOWN AND BY FALL IN ZINC PRICES.Q1 TOTAL CONSOLIDATED REVENUE EUR 75.8 MILLION VERSUS EUR 95.3 MILLION YEAR AGO.CONTINUATION OF DISCUSSIONS WITH FINANCIAL PARTNERS, IN AIM TO REACH A GLOBAL FINANCING AGREEMENT BY MID-MAY 2019.  Full Article

Recylex SA FY Sales Down At 365.0 Million Euros
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - RECYLEX SA ::FY SALES (IFRS) EUR 365.0 MILLION VERSUS EUR 450.3 MILLION YEAR AGO.  Full Article

Recylex: Financial Partners Of German Sub-Group's Postpone Decision On Rights To Early Terminate Existing Financing
Thursday, 7 Feb 2019 

Feb 8 (Reuters) - RECYLEX SA ::SAID ON THURSDAY FINANCIAL PARTNERS OF ITS GERMAN SUB-GROUP'S HAVE AGREED, ON THE BASIS OF THE CURRENT STATE OF THE ONGOING DISCUSSIONS, TO POSTPONE UNTIL MARCH 31ST 2019 THEIR DECISION ON WHETHER OR NOT TO EXERCISE THEIR RIGHTS TO EARLY TERMINATE THE EXISTING FINANCING.THEY HAVE ALSO AGREED TO POSTPONE THE REPAYMENTS THAT WERE DUE ON DECEMBER 31ST 2018 UNTIL THAT SAME DATE.ADDITIONAL FINANCING REQUIREMENTS OF THE GERMAN SUB-GROUP WERE REASSESSED AT €27 MILLION (VS. €26 MILLION PREVIOUSLY) FOR THE PERIOD ENDING AS OF DECEMBER 31ST 2019.GERMAN SUB-GROUP HAS OBTAINED FROM GLENCORE INTERNATIONAL AG A €10 MILLION BRIDGE FINANCING.TERM OF SUCH BRIDGE-FINANCING, SET ON MARCH 31ST 2019, WOULD BE POSTPONED IN CASE A GLOBAL AGREEMENT IS REACHED BETWEEN ALL THE CONCERNED PARTIES BY THAT DATE.PRODUCTION RESUMED AT WESER-METALL GMBH’S LEAD SMELTER END OF JANUARY 2019.  Full Article

Recylex Q3 Consolidated Sales Down At 87.7 Million Euros
Tuesday, 30 Oct 2018 

Oct 31 (Reuters) - RECYLEX ::REPORTED ON TUESDAY 9-MONTH TOTAL CONSOLIDATED SALES EUR 281.5 MLN VS EUR 337.5 MLN YEAR AGO .Q3 CONSOLIDATED SALES EUR 87.7 MLN, DOWN 26 PCT VS YEAR AGO.  Full Article

Recylex annonce un accord avec ses partenaires financiers
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Recylex SA ::ANNONCE UN ACCORD AVEC SES PARTENAIRES FINANCIERS.  Full Article

BRIEF-Recylex Updates On German Sub-Group Financing And Lens Labour Court Hearing

* PUBLISHED ON TUESDAY UPDATE ON FINANCING OF THE GERMAN SUB-GROUP AND HEARING BEFORE LENS LABOUR COURT