Alba: Revenue and profit decreasing

Alba SE today announced its results for 2013. Both revenue and profits were below the previous year's results. The outlook for 2014 also is not very optimistic.

Over the course of the last year, ALBA SE and its associated subsidiary companies achieved a consolidated sales volume of approximately 1.7 billion Euros (comparative value from the previous year: 1.9 billion Euros). On 31 December 2013, the earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled 26.2 million Euros (previous year: 68.1 million Euros). The EBT was affected by restructuring costs totalling 12.1 million Euros as well as depreciations on goodwill according to the IFRS accounting regulations totalling 34.6 million Euros and depreciations on holdings totalling 5.9 million Euros.When adjusted for these effects, last year ALBA SE achieved an earnings before tax (EBT) totalling 10.5 million Euros. The adjusted EBITDA totals 38.3 million Euros. When unadjusted, the EBT total minus 42.1 million Euros (previous year: 37.8 million Euros).
For 2014 the Chairman of the Board of Directors, Dr Axel Schweitzer announced to continue the process of reorganisation. “The cornerstones of this strategy are a networking of the classic business areas of waste management and plastic/paper recycling with the area of steel and metals recycling, and connected with this, a further optimisation of our portfolio and our continued internationalisation”, Schweizer said. In the current fiscal year the company expects expects the “challenging conditions to continue”. Neither in the crude steel production nor in non-ferrous metal trade a significant growth is expected.
In addition, ALBA is expecting to see a further intensification of the competition in the market for packaging recycling in the services segment. In the services segment, the focus is on the further development of new areas of business, in new markets as well as the further internationalisation.
“Before this background, we will continue with the restructuring of the group, interlinking segments closely, and continuing with the internationalisation,” explained Schweitzer. In the steel and metals recycling segment, this not only applies to the sales market, it also applies to the procurement markets.


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