Mytilineos Group reports lower nine-month results

Gazzetta team 25 Νοεμβρίου 2015 - 12:57

Mytilineos Group on Wednesday reported a 4.7 pct decline in its nine-month turnover to 884.4 million euros, from 927.6 million in the corresponding period last year and said that EBITDA fell 18.3 pct to 150.3 million euros from 184.1 million over the same periods, respectively. The group said that net profits, after tax and minorities, dropped 22.4 pct to 34.9 million euros.

The Greek-listed company, in an announcement, attributed this result to a series of external factors which had negatively affected its activities, such as the timing of contracts which affected METKA in the third quarter, a strong decline in commodities prices and a delay in completing a domestic energy policy.

The metals sector reported a turnover of 421 million euros in the January-September period, up 22 pct from the corresponding period in 2014, while EBITDA jumped to 85.9 million euros from 55 million, respectively.

METKA reported a decline turnover to 338.3 million euros in the nine-month period, from 468.3 million last year, while EBITDA fell to 52.2 million euros from 78.3 million, respectively. Net after tax and minorities earnings dropped to 30.5 million euros from 67.4 million.

The energy sector reported an increase in turnover to 130.5 million euros in the nine-month period, from 121.9 million last year. EBITDA fell to 13.3 million euros from 57.8 million in 2014.