1Q 2006 results press release:Significant sales growth 18%, EBITDA growth +25% and net earnings boost 41% for the Group, under IFRS

Alumil administration announces significant sales and earnings growth for the Group for the forst quarter of 2006 under IFRS. Group sales reached 48.66 m. compared to 41.2 m. approximately (1Q 2005), an increase of 18%. Significant growth is due partly to Group expansion activities for subsidiaries throughout Middle East and Central Europe markets where Group products acquire higher market shares, and partly due to the important aluminium price increase. EBITDA (earnings before interest, taxes, depreciation and amortization) increased significantly by 25%, reachingEuro 8.81 m. compared to Euro 7.05 m. approximately of 1Q2005. Group net earnings, after taxes and minority rights (taxes amounted to Euro 1.03 m. compared to Euro 1.35 m. for 1Q05) presented a significant boost by 40%, reaching Euro 2.31 m. compared to Euro 1.64 m. approximately of 1Q2005. Parent company sales increased 19%, reaching Euro 41.05 m. compared to Euro 34.49 m. of 1Q 2005. EBITDA (earnings before interest, taxes, depreciation and amortization) reached Euro 4.77 m. compared to Euro 5.14 m. approximately for 2005, a 7% decrease. Net earnings after taxes (taxes amounted to Euro 0.54 m. compared to Euro 1.07 m. for 1Q05) reached Euro 1.86 m. compared to Euro 1.58 m. of 2005, an increase of 18%. It is accentuated that growth figures shall not continue for the entire year; however, group financials will move clearly higher compared to 2005 results. Group investments in fixed (non-current) assets for 1Q06 reached Euro 6,1 m. (Euro 591 thousands approximately, for parent company).


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