ALRO¡¯s consolidated turnover grows 2.4% YoY in Q1 2019

ALRO S.A., one of the largest vertically integrated aluminium producers in Europe by capacity, announced its consolidated financial results for the first quarter of 2019. The Group’s turnover stood at RON 767.4 million in Q1 2019, up 2.4% from RON 749.2 million in Q1 2018.

The Group registered a gross profit of RON 105 million in Q1 2019, from RON 167 million in Q1 2018. Operating result (EBIT) stood at RON 59 million compared to RON 101 million in Q1 2018.

Marian NASTASE, Chairman of ALRO’s Board of Directors said: "In the first three months of 2019, ALRO Group recorded an increased turnover YoY, with higher revenues generated mainly by the processed aluminium segment and steady income from the primary aluminium segment, in line with our strategy of increasing, in the total production output and deliveries, the share of high and very high value-added products for more sophisticated industries, such as aerospace and automotive.”

“At the same time, we continued, in Q1 2019, our investment programme in research & development areas, with the aim to improve the output and products’ quality, while reducing the overall consumption rates and, thus ensuring a sustainable long-term growth of our business" added Marian NASTASE.

ALRO S.A. reported primary aluminium production and sales of 70,746 tonnes and 38,549 tonnes in Q1 2019. The processed aluminium sales slightly increased to 22,641 tonnes. Production of processed aluminium stood at 22,616 tonnes.

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