Befesa S.A.

Equities

BFSA

LU1704650164

Environmental Services & Equipment

Market Closed - Xetra Other stock markets 16:35:06 26/06/2024 BST			After market 17:00:25
30.58 ^EUR	+2.62%		30.58	0.00%

06-21	Befesa Completes Purchase of Remaining 50% Stake in Recylex JV	MT
06-11	BEFESA : Hauck & Aufhauser reaffirms its Buy rating	ZD

Befesa S A : Virtual, Kepler Cheuvreux ESG Conference

June 18, 2024 at 11:18 am

ESG at Befesa

Kepler Cheuvreux ESG Conference 29 May 2024

100%

Circular

Economy

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Business segments

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Befesa in 2023

Revenue	Adjusted EBITDA	Operating cash flow
€1,181 million	€182 million	€117 million
+4% yoy	-15% yoy	-15% yoy

Growth

Palmerton refurbishment: On track to capture growth in 2025

Guangdong: Monitoring the development of the market; Cautiously progressing in third province

Dividend Dividend proposal for 2023: €0.73 per share (2022: €1.25)

Outlook	•	2024: Expecting to return to the growth path; Pressures faced in '23 to ease in '24:
	€195m to €235m EBITDA (+7% to +29% yoy)

	•	Mid-term: Decarbonisation and EV trends driving mid-term growth

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ESG strategy and priorities

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Health & Safety

Significant improvement and initial goals were achieved earlier than expected

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Material topics

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CSRD

The Corporate Sustainability Reporting Directive will have huge impact on reporting:

Double Materiality Assessment
Gap Analysis
Reporting
Limited Assurance by auditor

Application for the very first time in 2025 for 2024

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ESG Reports

Befesa ESG Report 2021 and ESG Progress Report 2022:

https://www.befesa.com/sustainability/reports-policies-certifications

The Befesa ESG Report 2023 will be published in June 2024. It will be the last Befesa ESG Report. Starting in 2025, Befesa will report ESG and financials in a Combined Annual Report.

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Befesa Contact

Investor Relations

Phone +49 (0) 2102 1001 0 Email: irbefesa@befesa.com

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Disclaimer

Befesa SA published this content on 18 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2024 10:17:03 UTC.

Latest news about Befesa S.A.

Befesa Completes Purchase of Remaining 50% Stake in Recylex JV	06-21	MT
BEFESA : Hauck & Aufhauser reaffirms its Buy rating	06-11	ZD
BEFESA : Hauck & Aufhauser reaffirms its Buy rating	05-28	ZD
BEFESA : Deutsche Bank remains Neutral	05-03	ZD
BEFESA : Berenberg keeps its Buy rating	04-30	ZD
Morgan Stanley raises Befesa to 'Equal-weight' - Target 29 euros	04-29	DP
BEFESA : Morgan Stanley from Sell to Neutral	04-29	ZD
BEFESA : Hauck & Aufhauser reaffirms its Buy rating	04-26	ZD
BEFESA : Jefferies reiterates its Buy rating	04-25	ZD
Befesa S.A. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-25	CI
Falling zinc price weighs on industrial recycler Befesa	04-25	DP
Befesa threatens new annual low - outlook not well received	04-25	DP
Transcript : Befesa S.A., Q1 2024 Earnings Call, Apr 25, 2024	04-25
Falling zinc prices weigh on industrial recycler Befesa	04-25	DP
BEFESA : Gets a Buy rating from Hauck & Aufhauser	04-22	ZD
BEFESA : Deutsche Bank sticks Neutral	04-16	ZD
BEFESA : Jefferies reiterates its Buy rating	04-12	ZD
BEFESA : Receives a Buy rating from Hauck & Aufhauser	04-04	ZD
BEFESA : Jefferies reiterates its Buy rating	04-03	ZD
BEFESA : Berenberg keeps its Buy rating	03-05	ZD
BEFESA : Deutsche Bank reiterates its Neutral rating	03-01	ZD
BEFESA : Hauck & Aufhauser maintains a Buy rating	03-01	ZD
BEFESA : Jefferies reiterates its Buy rating	02-29	ZD
Industrial recycler Befesa earns significantly less - less dividend	02-29	DP
Befesa sees brighter 2024 after earnings drop hits shares	02-29	RE

Chart Befesa S.A.

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Company Profile

Befesa SA is a Luxembourg-based services company specialized in collection and recycle of steel dust and aluminium residues, as well as provision of other related services and logistics. Its business activities are divided into two segments: Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services. The Steel Dust Recycling Services segment focuses on collection and recycling of steel dust and other steel residues generated in the production of crude, stainless, and galvanized steel, as well as production of waelz oxide and other metals. The Aluminium Salt Slags Recycling Services segment includes recycling of salt slags and spent pot linings, and recovering and selling of salt, aluminum concentrate, and aluminum oxides, as well as production of secondary aluminum alloys for construction and automotive industries.

Sector

Environmental Services & Equipment

Calendar

26/06/2024 - ODDO BHF Forum

More about the company

Income Statement Evolution

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Ratings for Befesa S.A.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

29.8 EUR

Average target price

38.95 EUR

Spread / Average Target

+30.69%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Waste Management, Disposal & Recycling Services

	1st Jan change	Capi.
BEFESA S.A.	-13.12%	1.28B
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CLEANAWAY WASTE MANAGEMENT LIMITED	+2.97%	4.17B
GRANDBLUE ENVIRONMENT CO., LTD.	+18.64%	2.31B
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CHINA CONCH VENTURE HOLDINGS LIMITED	+14.20%	1.56B
CHINA TIANYING INC.	-5.47%	1.51B

Waste Management, Disposal & Recycling Services