Jacquet Metals (JCQ) Investor presentation summary

Business overview

• Operates as a leading distributor of special metals with a global presence in 23 countries and 119 distribution centers.

• Achieved €1.8bn in sales with 3,276 employees, serving 65,000 customers across diverse sectors including energy, defense, and pharmaceuticals.

• Sales are geographically diversified, with Germany, North America, and other European countries as key markets.

• Three main divisions: JACQUET (stainless steel plates), STAPPERT (stainless steel long products), and IMS group (engineering metals).

• 75% of supplies sourced from recycled metals, emphasizing environmental responsibility and circular economy.

Financial performance Q1 2026

• Sales reached €502m, down 1.7% year-over-year, with volumes up 0.8% but prices declining.

• Gross margin improved to 24.7% of sales (€124m), up from 23.4% in Q1 2025.

• EBITDA rose to €29m (5.7% of sales), and net income (group share) increased to €9m.

• Gearing increased to 25%, and CAPEX (excluding external growth) was €20m.

• Operating cash flow was €10m, with net debt at €166m and all borrowing covenants in compliance.

Growth initiatives

• Pursuing organic growth with new projects in Spain, the United States, and China.

• Completed external growth in Spain through acquisitions in aluminium distribution.