Financial Results for the Nine Month period of 2014

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26
November
2014

Remarkable Growth of Operational Profitability and Net Profits

For the nine month period of 2014 MYTILINEOS Group posted a consolidated turnover of €927.6 million against €1,051.2 million for the same period in 2013, a decrease attributed exclusively to the regulatory changes of the power market operation. The improved performance of the Group's Metallurgy and EPC sectors drove earnings before interest, tax, depreciation and amortisation (EBITDA) up by 12% to €184.1 million, from €164.5 million for the first nine months of 2013. Similarly, net profits after tax and minority rose to €44.9 million, up from €24.8 million of profits (or –for comparison purposes– €2.7 million of losses, after deduction of the extraordinary income from the PPC-Aluminium Arbitration) for the same period in the previous year.

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