ALBA SE Announces Earnings Results for the Third Quarter and Nine Months of 2014; Provides Earnings Guidance for the Full Year of 2014
The company increased its earnings before taxes (EBT) - from EUR 9.5 million to EUR 14.0 million with a lower turnover than in the same period last year. Earnings before interest, tax, depreciation, amortisation and shares in profits of associated companies (EBITDA) totalled EUR 32.4 million, after EUR 31.3 million for the comparative period in the last year. Turnover totalled EUR 1,176.0 million compared to EUR 1,301.4 million a year ago.
The company provided earnings guidance for the full year of 2014. For the 2014 financial year the company is expecting a fall in turnover and an increase in EBITDA.