Shares in French metal recycler Derichebourg jumped over 10% on Friday, hitting an intraday high of €10.99, after the company reported a 16.3% rise in first-half net profit and upgraded its full-year recurring EBITDA outlook to €350-370 million.
Net profit attributable to shareholders rose to €73.5 million in the six months to March 31, from €63.2 million a year earlier. Consolidated net profit totaled €74.2 million. First-half revenue rose 7.8% to €1.83 billion, with recycling revenue accounting for €1.73 billion.
Recurring EBITDA increased 9.7% to €177.8 million, with the margin improving to 9.7%. Recurring operating profit rose 23% to €98.4 million. Profit before tax surged 57.7% to €99.4 million. Net financial debt fell to €654.9 million.
Chairman Daniel Derichebourg noted recovery in scrap metal volumes. Ferrous scrap volumes rose 2.2% and non-ferrous volumes 4.4%. The company also signed a contract to acquire Scholz Recycling group, expected to close in H2 2026.
