ALUMIL ALUMINIUM INDUSTRY S.A.
ALUMIL: 3M 11 FINANCIAL RESULTS FOR THE COMPANY AND GROUP
"ALUMIL - ALUMINIUM INDUSTRY S.A." administration announces increase in sales and reduction in gross profitability for the first quarter of 2011 compared to 1Q 2010. In particular, Group presented increase in sales by 3.2%, reaching € 41.7 m., compared to € 40.4 m. in 1Q 2010. Gross profitability declined by approximately 12.8%, reaching € 8.2 m., compared to € 9.5 m. in 1Q 2010.
Earnings before interest, tax, depreciation and amortization (EBITDA), declined to € 1.1 m., compared to 2010 (€ 3.9 m. in 1Q 2010). Losses before taxes, reached € 4.3 m., compared to losses € 0.9 m. in 1Q 2010. Consequently, losses per share reached € 0.1861 (losses € 0.0588 for 1Q 2010).
Given the deteriorating construction activity in the Greek and Balkan markets, the Group focuses on streamlining operations through certain initiatives by the administration, which target in reduced spending, increase in productivity, and improvement of liquidity.
Regarding parent company financials, 1Q 2011 turnover increased by almost 7.8%, to € 31.5 m., compared to € 29.2 m. in 1Q 2010. EBITDA reached € 0.7 m., compared to 1Q 2010 (€ 2 m. approximately). Losses before taxes reached € 2.9 m., compared to 1Q 2010 (losses € 0.7 m.) and net results after taxes reached minus € 2.9 m., compared to 1Q 2010 (losses € 0.5 m.).
Data and Information of the Financial Statements are published on Tuesday, May 31st, 2011, in the Hellenic financial newspaper "NAFTEMPORIKI". 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
Earnings before interest, tax, depreciation and amortization (EBITDA), declined to € 1.1 m., compared to 2010 (€ 3.9 m. in 1Q 2010). Losses before taxes, reached € 4.3 m., compared to losses € 0.9 m. in 1Q 2010. Consequently, losses per share reached € 0.1861 (losses € 0.0588 for 1Q 2010).
Given the deteriorating construction activity in the Greek and Balkan markets, the Group focuses on streamlining operations through certain initiatives by the administration, which target in reduced spending, increase in productivity, and improvement of liquidity.
Regarding parent company financials, 1Q 2011 turnover increased by almost 7.8%, to € 31.5 m., compared to € 29.2 m. in 1Q 2010. EBITDA reached € 0.7 m., compared to 1Q 2010 (€ 2 m. approximately). Losses before taxes reached € 2.9 m., compared to 1Q 2010 (losses € 0.7 m.) and net results after taxes reached minus € 2.9 m., compared to 1Q 2010 (losses € 0.5 m.).
Data and Information of the Financial Statements are published on Tuesday, May 31st, 2011, in the Hellenic financial newspaper "NAFTEMPORIKI". 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