During the 9M 2007, consolidated turnover of the ELVAL group amounted to Euro 752 million, posting an increase of 15.8%. Earnings before Interest Taxes Depreciation and Amortization (EBITDA) amounted to Euro 65.9 million, increased by 8.6%, while earnings before taxes amounted to Euro 24.7 million, namely an increase of 13.5% compared to the respective period of 2006. Finally, net consolidated earnings after taxes and minority interest amounted to Euro 17.3 million, posting an increase of 22.5%, or Euro 0.14 per share (compared to 0,114 for the 9M 2006). As regards to the parent ELVAL, turnover increased by 10.8% at Euro 473 million and net earnings after taxes by 24.8% at Euro 14.3 million or Euro 0.115 per share (compared to 0.092 during the respective period of 2006).
The sales volume by the parent company amounted to 150 thousand tons of products compared to 145.6 thousand the respective period of last year, with an upgraded product mix and at the same time an increase in productivity. Prices in European markets ranged and continue to range at high levels.
At the consolidated level, despite the restrain of profitability in extrusion, increased results by the parent company and the subsidiary BRIDGNORTH ALUMINIUM, eventually led to a reinforcement of the group's fundamentals.
Increased profitability, supported also by the steady price of aluminium, had a positive effect on operating flows. Approximately Euro 29 million were laid out for the group's investment plan.