ALBA SE reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, consolidated sales revenues were EUR 372.8 million against EUR 446.5 million a year ago. The decline in the sales revenues is largely due to the lower prices of scrap and the lower tonnages in comparison with the same period last year and the portfolio optimisation that took place in 2013.

Earnings before interest, tax, depreciations and amortizations (EBITDA) totalled EUR 7.8 million against EUR 14.4 million a year ago, and the earnings before taxes (EBT) totalled EUR 2.1 million as at the balance sheet date, after EUR 7.8 million in the first quarter of 2013. The falls in EBITDA and EBT that the ALBA SE Group recorded were caused by the services segment.