“ALUMIL ALUMINIUM INDUSTRY S.A.”  administration announces stabilization in sales and reduction in gross profitability for the first half of 2011. In particular, Group presented increase in sales by 3.3%, reaching € 98.3 m., compared to € 95.1 m. in 1H 2010.

Gross profits decreased by approximately 12.5%, reaching € 18.9 m., compared to € 21.6 m. in 1H 2010, while EBITDA, reached € 5.8 m., compared to € 9.7 m. for 1H 2010. Losses before taxes reached € 5.4 mil., compared to 1H 2010 (losses € 0.5 mil.). Consequently, losses per share reached € 0.2480 (Losses € 0.0939 for 1H 2010).

The reduction in gross profitability is due to the significant decrease in construction activity, which resulted in the differentiation of the Company’s sale mix, with a sale increase of products with lower profit margin, as well as to the increase of energy cost for the Group and Company, which resulted in the increase of production cost.

The significant decrease of results is mainly attributed to the decrease in gross profit, as well as to the increase in financial expenses due to the increase of ECB’s basic interest rate and the increase of margins by the Greek Banks.

Regarding Parent company financials, 1H2011 turnover increased by 6.4%, to € 71.3 m., compared to € 67 m. in 1H 2010. EBITDA decreased, reaching approximately € 2.4 m., compared to 1H 2010 (€ 5.4 m. approximately). Losses before taxes reached approximately € 5 mil., compared to 1H 2010 (losses € 0.7 mil.) and net losses after taxes reached € 5 mil., compared to 1H 2010 (losses € 0.4 mil.).

Data and Information of the Financial Statements are published on Wednesday, August 31^st, 2011, in the Hellenic financial newspaper «IMERISIA». Aforementioned data are also available in the Alumil web site, www.alumil.com, along with the complete Financial Statements’ report and the corresponding announcements.

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ALUMIL is ranked among the largest aluminium extrusion and profiles production private European groups (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 29 subsidiaries, 21 of which are spread throughout Europe, Africa and the Middle East, ALUMIL provides production sites in four Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. ALUMIL has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and in the U.S.A. A significant competitive advantage remains its widespread sales network in Greece and in every client-country. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included eight times in GrowthPlus’ Europe’s 500 for its contribution to the European economy, ALUMIL Group sales surpassed € 202.5 m. in 2010, EBITDA reached € 21.3 m. Alumil is an associated member of the European Aluminium Association as a recognition of the Company’s significant contribution to the field of design and production of architectural aluminium systems, and industrial profiles.  

 (Symbols: Athens Stock Exchange: ΑΛΜΥ, Reuters: ALMr.AT, Bloomberg: ALMY GA, Telerate (Bloomberg): GR;ALMY).

 Filoktimon Vakalis | Group Investor Relations & Research

Tel: +30 2341079300 | Fax: +30 2341071988 | Investors@Alumil.com   

Kilkis Industrial Area | 61100 Kilkis | Greece | www.alumil.com