ALUMIL ALUMINIUM INDUSTRY S.A.
2010 FINANCIAL RESULTS FOR THE COMPANY AND GROUP
2010 financials: Sales reduction for the Group by 3.5% exceeding € 202.6 m., improvement of operating profits (EBITDA) by 25.9%.
In detail, the Group presented a reduction in sales by 3.5%, exceeding € 202.6 m., compared to 209.9 m. in 2009, Gross profits reached € 45.9 mil. from € 47.4 mil. in 2009, decreased by 3.3%, EBITDA significantly increased by 25.9%, reaching € 21.3 m., compared to € 16.9 m., in 2009 and losses before taxes reached € 168 thousand m., compared to € 5.8 m. losses, in 2009.
Operational cash flows produced a surplus of € 18.1 m. Net debt reached € 155.6 m., presenting a decrease compared to 2009 (€ 163.5 m.).
Parent company financials reported sales reduction by 3.4%, reaching approximately € 140.1 m., compared to € 145 m. in 2009. EBITDA reached € 10.6 m., compared to 2009 (€ -1 m.). Losses before taxes reached € 168 thousand, compared to 2009 (€ 10.2 m. losses).
The marginal decline in sales is the result of the increased export activity of the Group, despite the continuing significant decline in building activity in Greece and abroad throughout 2010. The stabilization of gross profit for the Group and the significant improvement for the Parent Company is mainly due to higher production costs in 2009 because of the expensive raw material used from contracts of 2008, which no longer burden the results of the Group.
Due to losses in 2009, the Company's Board of Directors did not propose a dividend for the year 2009. The approval by the General Assembly of Shareholders is anticipated.
Financial data and information are published on Wednesday, March 30th, 2011, in the Hellenic newspapers "KERDOS" and "ELEUTHERI ORA", and in Kilkis (Greece) local newspaper "IMERISIA KILKIS". The same day, the aforementioned data will be available in the Alumil web site, www.alumil.com, along with the complete financial statements report and the relative press releases. --------------------------------------------
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
In detail, the Group presented a reduction in sales by 3.5%, exceeding € 202.6 m., compared to 209.9 m. in 2009, Gross profits reached € 45.9 mil. from € 47.4 mil. in 2009, decreased by 3.3%, EBITDA significantly increased by 25.9%, reaching € 21.3 m., compared to € 16.9 m., in 2009 and losses before taxes reached € 168 thousand m., compared to € 5.8 m. losses, in 2009.
Operational cash flows produced a surplus of € 18.1 m. Net debt reached € 155.6 m., presenting a decrease compared to 2009 (€ 163.5 m.).
Parent company financials reported sales reduction by 3.4%, reaching approximately € 140.1 m., compared to € 145 m. in 2009. EBITDA reached € 10.6 m., compared to 2009 (€ -1 m.). Losses before taxes reached € 168 thousand, compared to 2009 (€ 10.2 m. losses).
The marginal decline in sales is the result of the increased export activity of the Group, despite the continuing significant decline in building activity in Greece and abroad throughout 2010. The stabilization of gross profit for the Group and the significant improvement for the Parent Company is mainly due to higher production costs in 2009 because of the expensive raw material used from contracts of 2008, which no longer burden the results of the Group.
Due to losses in 2009, the Company's Board of Directors did not propose a dividend for the year 2009. The approval by the General Assembly of Shareholders is anticipated.
Financial data and information are published on Wednesday, March 30th, 2011, in the Hellenic newspapers "KERDOS" and "ELEUTHERI ORA", and in Kilkis (Greece) local newspaper "IMERISIA KILKIS". The same day, the aforementioned data will be available in the Alumil web site, www.alumil.com, along with the complete financial statements report and the relative press releases. --------------------------------------------
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