Sims Ltd (ADR) (PK:SMSMY)
Business Focus: Steel
| Sector: Basic Materials | Industry: Steel |
| Company Contact | |
| Address: | Level 9, 189 O'Riordan Street MASCOT NSW 2020 |
| Tel: | N/A |
| Website: | https://www.simsltd.com |
| IR: | See website |
| Key People | ||
| Stephen Mikkelsen Chief Executive Officer, Managing Director, Executive Director | Robert Thompson Global Chief Commercial Officer - Sims Metal | Warrick Ranson Group Chief Financial Officer |
| Ingrid Sinclair Global President - Sims Lifecycle Services | Brad Baker Group Chief Human Resources Officer | Elise Gautier Global Chief Risk and Sustainability Officer |
| Gretchen Ann Johanns Group General Counsel, Joint Company Secretary | Ian Basset Global Head of Business Transformation | John Glyde Global Chief Operating Officer - Sims Metal | Stephen Michael Skurnac Group Chief Development Officer |
| Business Overview |
| Sims Limited is engaged in metal recycling and provides circular solutions for technology. The principal activities of the Company include buying, processing, and selling of ferrous and non-ferrous recycled metals, and supporting businesses and data centers in managing end-of-life physical information technology (IT) assets through reuse, redeployment, and recycling. This includes IT asset disposition (ITAD) and e-waste recycling solutions. The Company's North America Metal (NAM), Australia and New Zealand Metal (ANZ) and UK Metal (UK) segments are engaged in ferrous and non-ferrous secondary recycling functions. Its Global Trading segment coordinates sales of ferrous bulk cargo shipments, non-ferrous sales into primarily China and Southeast Asia and brokerage sales on behalf of third and related parties. Its SA Recycling (SAR) segment is engaged in an investment in the SA Recycling joint venture. Its Sims Lifecycle Services (SLS) segment provides electronic recycling solutions. |
| Financial Overview |
| For the six months ended 31 December 2023, Sims Ltd (ADR) revenues increased 7% to A$4.13B. Net income decreased 35% to A$65.8M. Revenues reflect NAM segment increase of 14% to A$2.11B, ANZ segment increase of 14% to A$835.4M. Net income was offset by Disposal of Property, Plant & Equipment decrease of 90% to A$3.6M (income), Share of results of joint ventures decrease of 25% to A$58M (income). |
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