9M 2007 Financials: Group sales +20% and net earnings +4% growth, in tandem with Administration estimates for the year-end results. Demand for high value-added aluminium products remains the robust driver for the next year as well. ALUMIL administration announces Group sales and earnings significant growth for the 9M 2007 financial period (9M'07): Group posted a 20.6% sales increase, reaching euro 208.3 m., compared to euro 172.8 m. of 9M'06 period. Growth is driven by architectural and industrial profiles' sales, having an important piece of consolidated turnover sourced by automation systems, shading systems, polycarbonate sheets and composite panels (namely J-Bond). EBITDA surmounted euro 33.9 m., an increase of 8% compared to euro 31.4 m. of 9M'06 results. Earnings before taxes climbed to euro 15.5 m., posting an 11% increase, compared to euro 14 m. of 9M'06 period. Group net earnings (after taxes and minorities) approached euro 8.5 m., presenting a 3.8% growth, compared to 9M'06 (euro 8.2 m.) results. Consequently, earnings per share reached euro 0.39, from euro 0.37 of 9M'06 EPS.
Group investments over passed euro 15.7 m., headed primarily to upgrade machinery and for auxiliary equipment in Bosnia, Xanthi and Kilkis industrial complexes.
Following the 1H trend, growth from Romania, Serbia, Albania, Cyprus and the wider Gulf Area are the main Group earnings contributors for the following years as well. New production lines in Xanthi (Greece) and Bosnia, in full operational mode, now count positively in consolidated results. In respect to parent company, turnover reached euro 174.4 m., an increase of 26%, compared to euro 138.2 m. of 9M'06 results. Earnings before interests, taxes, depreciation and amortization (EBITDA, including FX operational differences) reached euro 14.9 m., a decrease of 4% compared to euro 15.5 m. of 9M'06 results, during which, exceptional income was realised. EBT over passed ? 7.2 m., a significant increase of 15% approximately, compared to euro 6.3 m. of 9M'06 results. Net earnings after taxes posted a significant increase of 21% exceeding euro 5.3 m., compared to euro 4.3 m. of 9M'06 results, influenced positively also from the increased dividends from subsidiaries. Financial data and information are published on Wednesday, November 21st, on the Hellenic financial newspaper "NAFTEMPORIKI". The aforementioned data is also available on the Alumil web site, www.alumil.com, along with the complete financial statements and the relative press releases.
ALUMIL is ranked among the largest aluminium extrusion and profiles production private European group (No 1 in Greece since 2000) establishing production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 26 subsidiaries, 20 of which are spread throughout Europe, Africa and the Middle East, ALUMIL offers 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, ALUMIL's Group sales surpassed ? 243 m. in 2006, while EBITDA exceeded euro 39.5 m. (Symbols: Athens Stock Exchange: ΑΛΜΥ, Reuters: ALMr.AT, Bloomberg: ALMY GA, Telerate (Bloomberg): GR;ALMY).
Apostolos Papadopoulos-Almeida | Group Investor Relations & Research - Head Tel: +30 2341079480 | Fax: +30 2341071988 | Investors@Alumil.com Kilkis Industrial Area | 61100 Kilkis | Greece | www.alumil.com