Sims Ltd. achieved "a resilient performance in financial year 2023 in the face of challenging market conditions" said CEO Alistair Field at the release of the recycler's earnings report on 15 August. Amid a more subdued market, all profit indicators were significantly lower, he noted. During the last Sims earnings call before his retirement in September, the outgoing CEO recalled that Sims was coming off record performance in the comparison year and emphasised the value of Sims' market and geographic diversity in weathering market conditions.
At the corporate level, the metals and e-scrap recycling business, which has headquarters in both the US and Australia, saw sales revenue fall 13 per cent to AUD8.061bn (ca. €4.76bn, AUD1 = ca. €0.59). Statutory earnings before interest, tax, depreciation and amortisation dropped by 47 per cent to AUD516m....
