Alro S.A. Announces Audited Consolidated Earnings Results for the Year 2017; Provides Earnings Guidance for the Year 2018
May 14, 2018
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Alro S.A. announced audited consolidated earnings results for the year 2017. For the year, on a consolidated basis, the company reported an audited net profit of RON 391.1 million for 2017, as compared to RON 71.5 million during 2016, while consolidated sales advanced by 18.4% year-over-year to RON 2,726.3 million, on the back of a strong LME environment and higher volumes, this compared with RON 2,302.8 million a year ago. Sales volumes of primary aluminum products decreased by 3.3% year-over-year to approximate 122,600 tones (vs. 126,700 tones in 2016) while sales volumes of processed aluminum products advanced 6.8% year-over-year to 107,500 tones (vs 100,600 tones in 2016). Operating profit was RON 438.9 million against RON 166.7 million a year ago.
For the year, the company expects to report turnover of RON 2,595.8 million, operating profit of RON 280.4 million, and net profit of RON 199.8 million.
Alro SA is a Romania-based company engaged in the manufacture of aluminum. The Companyâs portfolio includes primary aluminum products, such as wire rod, billets, slabs, foundry alloys and ingots, as well as processed aluminum products, such as aluminum plates from soft, medium and hard alloys, including non heat-treated plates and heat-treated plates, sheets, coils, tread plates, embossed sheets and coils, corrugated and heat treated sheets and extrusions. Through its subsidiaries, the Company is also involved in the production of alumina and in the bauxite mining. The Company operates four main production units, including anode facility, electrolytic facility, cast house and processing plant, as well as ancillary and service units, such as electric current transformation and rectification unit, the metallurgical repairs unit, and the pot and furnace repair unit, among others. As of June 30, 2011, the Companyâs subsidiaries included Alum SA, Conef SA and Vimetco Extrusion Srl.
ALRO S.A. 
