On May 23, 2007, the presentation of VIOHALCO, to the Institutional Investors Association took place, regarding the Company?s development and activities, as well as the analysis of its prospects. VIOHALCO, participates in more than 90 companies, which are active in the manufacture of steel products, copper and aluminium processing, the production of cables and real estate development.
In 2006, VIOHALCO continued its positive development, achieving a consolidated turnover amounting to euro 3.274 mil. higher by 40%, in comparison with 2005, an improvement due to the increase of sales and higher metals prices. The consolidated profits before taxes, interest and depreciation (EBITDA) amounted to euro 404 mil., higher by 85%, the consolidated profits before taxes and minority rights amounted to euro 227 mil., higher by 281%, in comparison with those of 2005 and the profits after taxes and minority rights amounted to euro 113 mil. or euro 0,57 per share, marking an increase of 460%. Higher capacity of the production units, as a result of the significant investments, effected throughout the last years, contributed to the increase of the sales volume, which, combined with the increase in metals prices, led to a significant increase of the turnover. The decrease of the production cost, due to the investments, as well as better profit margins, had a favorable effect on the results of 2006.
The companies of the VIOHALCO Group, have an intense export orientation and continuously enhance their presence abroad. As a result of this, more than two thirds of the turnover is achieved abroad, while Group exports correspond to 9% approximately of the total Greek exports.
The on-going investments of the Group's companies, in technology and equipment, aim at the increase of productivity, the reduction of costs and the improvement of product quality. The protection of the environment and the improvement of the safety and health conditions in the plants, are always a fundamental concern of the companies? management.
Finally, VIOHALCO has started a development programme, regarding its remarkable real estate holdings, aiming at the creation of a constant income source, enhancing its income from industrial activities.