ALBA SE Reports Consolidated Earnings Results for the Third Quarter and Nine Months of 2013; Provides Earnings Guidance for the Full Year 2013
For the nine months, the company reported consolidated sales of EUR 1,301.42 million in the first nine months of 2013 compared to EUR 1,518.91 million a year ago. Earnings before shares in earnings in associated companies, interest and taxes was EUR 17.61 million compared to EUR 35.69 million a year ago. Earnings before tax totaled EUR 9.47 million compared to EUR 26.23 million a year ago. Adjusted for restructuring expenses to the value of EUR 5.63 million, EBIT amounts to EUR 23.24 million and EBT amounts to EUR 15.10 million.
The company provided earnings guidance for the full year 2013. The company expected a decline in sales as well as a clear decline in pre-tax earnings for the 2013 financial year in comparison with the previous year.