Particularly, Group sales reached euro 32.99 m. presenting a 21.6% growth, compared y-o-y to euro 27.13 m. of 2003 results, due to increased processed profiles sales and multiple markets penetration. Operational earnings (before interests, taxes, depreciation and amortization, EBITDA) boosted by 23.2%, to euro 6.9 m. for 2004, compared to euro 5.59 m. of 2003. Group earnings (earnings before minority interests and conversion differences) equally boosted 25%, to euro 2.47 m., compared to euro 1.97 m. (2003 results). Group net earnings however, (after minority interests and conversion differences) reached euro 1.14 m. from euro 2.3 m. of 1Q 2003, a decrease of 50.3%, due exclusively to conversion differences stemming from the two new Egyptian subsidiaries. These are clearly profitable, however they were not included in the 1Q 2003 Consolidated Statements, together with nine additional subsidiaries, totaling to eleven new companies. These new subsidiaries were included for the first time in the 2003 Consolidated Statements (4Q), included in the 1Q 2004 results also, therefore 2004 ending Statements will present comparable figures.

Parent company Alumil sales reached eyro 30.27 m., a 15.4% growth compared y-o-y to euro 26.23 m. 1Q 2003 results. Profitability however was affected from two basic parameters: significant increase of the 3M aluminium (LME) price ? expressed in euros ? and Administration?s deliberate decision to keep selling prices soundly competitive in order to maintain and increase markets share. Administration expected prices to move in lower levels for the second quarter, as it is already depicted.

Consequently, there was a 26.8% drop in operational earnings (before interests, taxes, depreciation and amortization, EBITDA) to 3.65 m. for 2004, compared to euro 4.99 m. for 2003. Net earnings dropped 73.7%, reaching euro 677 thousands from euro 2.54 m. It is clearly stated that 2Q 2004 results are moving higher.

Fixed assets investments for Alumil and the Group reached euro 6.2 m. (1.2 m. approximately for parent company).

ALUMIL S.A. is listed among the top European aluminium extrusion and profiles production group (No 1 in Greece since 2000) creating production sites, large sales networks and warehouses for products targeting architectural & industrial use, shipbuilding, transportation, etc. With 27 subsidiaries, 21 of which are spread throughout Europe, Africa and the Middle East, it offers production sites in five Hellenic industrial areas, Romania, Bulgaria, Serbia, Bosnia and Albania. ALUMIL has successfully infiltrated into 45 markets in Europe, the Balkans, the M. East and the U.S.A. A significant competitive advantage remains its widespread sales network in every client-country and in Greece as well. Parent company was founded in 1988 and since 1998 is listed in the Athens Stock Exchange. Included four times in GrowthPlus' Europe?s 500, ALUMIL's Group sales exceeded euro 135 m in 2002, while net profits (before taxes and minority interests) exceeded euro 12 m.

Alumil Information:
Mr Apostolos Papadopoulos-Almeida (IR officer),
Tel. +30 2310 555405, Fax: +30 2310 555425,
E-mail: Investors@Alumil.com