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ALUMIL MILONAS S.A.
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1Q 2007 Financials
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May 30, 2007 1Q 2007 Financials: sales (33%) and earnings (10.6%) growth rates exceed initial estimates. Despite the volatile aluminium price, Group leads SE European markets, with robust volume increase in the high value-added products. ALUMIL administration announces Group sales and EBITDA significant growth for 1Q 2007, compared to 1Q 2006, as a result of the international expansion strategy. Group posted a 32.8% sales increase, reaching Euro 64.65 m., compared to Euro 48.66 m. for 1Q06. Growth is driven by architectural and industrial profiles' sales, automation systems, shading systems, polycarbonate sheets and composite panels (namely J-Bond) sales. EBITDA over passed Euro 10.12 m., a significant increase of 14.9% compared to Euro 8.8 m. for 1Q06. Earnings before taxes climbed to Euro 4.66 m., a 28.8% increase compared to Euro 3.6 m. for 1Q06. Group net earnings (after taxes and minorities) reached Euro 2.56 m., presenting a 10.6% growth, compared to 1Q06 (Euro 2.31 m.). Consequently, earnings per share reached Euro 0.116, from Euro 0.105 for 1Q06. Investments for 1Q 2007 reached Euro 5.5 m., representing mainly non-current assets' invoices, incorporated during the current period. It is highlighted the subsidiary's ALUMIL ROM impressive growth in the Bucharest Stock Exchange' first trading day April 16th - and the dynamism of the production sites in Serbia and Albania, now leading the Western Balkans wider area. According to the revised projected financials, ALUMIL administration commences a new series of road shows in Athens and internationally. Regarding parent company financials, sales increased 26.6%, surpassing Euro 51.96 m., compared to Euro 41.05 m. in 1Q06. EBITDA reached Euro 5 m., a 4.4% increase, compared to Euro 4.77 m. in 1Q06. Earnings before taxes reached Euro 2.05 m., decreased compared to 1Q06 (Euro 2.4 m.). Net earnings after taxes also decreased to around Euro 1.5 m., compared to Euro 1.86 m. for 1Q06. Financial data and information are published on Wednesday, May 30th, in the Hellenic newspaper 'IMERISIA'. The same day, the aforementioned data will be available in the Alumil web site, www.alumil.com, along with the complete financial statements, the Board of Directors' report and the related 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 25 subsidiaries, 19 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 seven times in GrowthPlus' Europe's 500, ALUMIL Group sales surpassed Euro 243 m. in 2006, while EBITDA exceeded Euro 39.5 m.
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