"ALUMIL - ALUMINIUM EXTRUSION INDUSTRY S.A." administration announces an increase in gross and operating profits, while losses are limited in comparison with the corresponding quarter of 2009. In particular, gross profits significantly increased by approximately 39.6%, reaching € 9.5 mil., compared to € 6.8 mil. in 1Q 2009, while EBITDA, reached € 3.9 mil., compared to € 0.3 mil. for 1Q 2009. Losses before taxes improved, reaching € 0.9 mil., compared to 1Q 2009 (losses € 6.9 mil.). Consequently, losses per share reached € 0.058 (losses € 0.3926 for 1Q 2009).
Group presented a decrease in sales by 4.2%, reaching € 40.4 mil., compared to € 42.1 mil. in 1Q 2009. This reduction is due to the further decline in construction activity in Greece during the first quarter of 2010.
Regarding parent company financials, 1Q 2010 turnover decreased by almost 0.8%, to € 29.2 mil., compared to € 29.5 mil. in 1Q 2009. EBITDA reached € 2 mil., compared to 1Q 2009 (minus € 2.4 mil. approximately). Losses before taxes reached € 0.7 mil., compared to 1Q 2009 (losses € 6.8 mil.) and net results after taxes reached minus € 0.5 mil., compared to 1Q 2009 (losses € 7.2 m.).
Data and Information of the Financial Statements are published on Friday, May 28th, 2010, in the Hellenic financial newspaper "EXPRESS". Aforementioned data are also available in the Alumil web site, www.alumil.com, along with the complete Financial Statements' report and the corresponding announcements. -----------------------------------
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 28 subsidiaries, 22 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 € 209 m. in 2009, EBITDA reached € 16.9 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