Financial Results for the First Semester of 2013
Continued resilience in particularly adverse domestic and global economic conditions
For the 1st Semester of 2013, MYTILINEOS Group posted a consolidated turnover of €731 million, up 2.3% from €714 million in 2012. Earnings before interest, tax, depreciation and amortisation (EBITDA) for 1H2013 rose to€102.2 million, up 28% from €80.0 million in 2012. This performance, however, although ranking with the Group’s record-highs, is only partly reflected in the improvement of net profits, as the latter are burdened by increased depreciation (all Group plants and facilities are now in full operation) and higher financial costs. Nevertheless, net profits after tax and minority rights stood at €12.5 million, up 47% from €8.5 million for the same period in 2012.