Mytilineos Group reports significantly improved 2010 results

Mytilineos Group on Tuesday said its turnover surpassed the 1.0 billion euros target set by the board, boosted by improved performance abroad and higher aluminium prices in international markets. Consolidated turnover totaled 1.001 billion euros last year, up from 661.8 million euros in 2009.

A group announcement said an export strategy, combined with the implementation of an investment plan supported and expanded the group’s growth, leading to the fulfillment of both profitability and sales targets for the year.

The 2010 results included the non-repeated income of 32.4 million euros resulting from the sale of a METKA subsidiary in January 2010.

EBITDA jumped 62 pct to 192.7 million euros in 2010, from 118.9 million in 2009, boosted by a significant increase in the profits of MEKTA and positive performance of its metals sector. Net after tax and minorities earnings soared to 60.9 million euros from 13.7 million euros, despite a 7.5 million euros burden from an extra tax charge.

METKA reported a turnover of 613.7 million euros in 2010, form 339.4 million euros in 2009, EBITDA jumped to 133.7 million euros from 60.6 million euros and EBITDA margin rose to 17.4 pct. Net after tax and minorities earnings jumped to 87.1 million euros last year from 35.2 million euros in 2009.


Εγγραφείτε στο newsletter μας

Ενημερωθείτε πρώτοι για τα τελευταία νέα, αποκλειστικά ρεπορταζ και ειδήσεις απο όλο τον κόσμο