24-05-2012
Modification of Financial Calendar 2012
ELVALHALCOR
15-03-2016
Press Release Regarding 2015 GROUP Financial Result
Halcor and subsidiaries have announced their consolidated financial results for the year of 2015 according to the International Financial Reporting Standards (IFRS).
Consolidated revenue of 2015 reached Euro 1,230.1 mil. versus Euro 1,079.9 mil. in 2014, increased by 13.9%, which is due to the increase by 9.6% of the volume of sales and improved product mix as the average price of copper stood lower at Euro 4,952 per ton versus Euro 5,169 per ton during 2014. Consolidated gross profit increased significantly reaching Euro 55.7 mil. versus Euro 29.9 mil. in 2014 and consolidated results before interest, tax, depreciation and amortization and revaluation of fixed assets to fair value (EBITDA adj.) reached in 2015 a profit of Euro 51.6 mil. compared to a profit of Euro 18.2 mil. in 2014. Operational profitability has improved significantly as the consolidated result includes negative metal result of Euro 20.5 mil. due to the decline of metals prices in the international market especially during the second half of 2015, while for 2014 the metal result was negative at Euro 11.0 mil. Consolidated results before tax and interest (EBIT adj.) accumulated to profit of Euro 19.5 mil. versus losses of Euro 5.3 mil. for 2014. Consolidated earnings before taxes (EBT) amounted in 2015 to a loss of Euro 29.8 mil. compared to losses of Euro 73.0 mil. in 2014. Finally, the results after tax and minority interests amounted to a loss of Euro 32.5 mil. or Euro 0.3210 per share, compared to losses of Euro 51.2 mil. or Euro 0.5059 per share in 2014.