Earnings Release • Oct 21, 2010
Earnings Release
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World leader for aluminium anodising - http://investors.unitedanodisers.com ISIN: BE0160342011 - Reuters: COI.PA - Bloomberg: UAS:FP
Brussels, October 21st, 2010 (5:45 pm) - United Anodisers, the world leader for aluminium anodising, recorded €18,364,000 in consolidated sales over the first nine months of 2010, an increase of 9.7% in relation to the same period the previous year. The continuous anodising business has continued to grow, with the third quarter of 2010 coming in 13.8% higher than the third quarter of 2009.
| (€'000) | 9 months 2010 |
Change | Q3 2010 | Change | ||
|---|---|---|---|---|---|---|
| Actual | Like-for like |
Actual | Like-for-like | |||
| Continuous anodising | 14,626 | +24.1% | +24.1% | 4,465 | +13.8% | +13.8% |
| Batch anodising | 3,738 | -24.4% | -26.8% | 1,244 | -27.6% | -30.7% |
| Consolidated sales | 18,364 | +9.7% | +9.0% | 5,710 | +1.2% | +0.2% |
The continuous anodising branch continued to see dynamic growth during the third quarter, recording €4,465,000 in sales over the period, up 13.8% in relation to the third quarter of 2009. For the first nine months of 2010, sales totalled €14,626,000, 24.1% higher than the previous year.
This sales growth confirms the upturn in demand in a very buoyant aluminium market.
In the UK, faced with a still difficult construction and building market, the batch anodising business saw sales contract 24.4% to €3,738,000 over the first nine months of 2010, in line with expectations. Excluding foreign exchange effects (positive impact of €119,000), business is down 26.8% at constant exchange rates.
In view of the good level of business, particularly on continuous anodising, combined with the gradual improvement in demand on the market, the United Anodisers Group is optimistic about the coming quarter, particularly since the Group is moving ahead with an aggressive marketing strategy built around new products and new regional markets.
The continued improvement in the activity ratio and the cost reduction plan rolled out since 2008 represent strong enablers which will drive improvements in both operational and financial results. In this context, United Anodisers is able to confirm its objective to return to a positive net profit in 2010, achieving a very strong improvement compared with 2009.
NEXT DATE: 2010 sales in January 2011
United Anodisers, the Belgian Group listed on NYSE Euronext Paris Compartment C since June 26th, 1996, is the world's largest architectural and industrial anodiser, specialising in the surface treatment of aluminium extrusions, castings and flat-rolled products.
Anodising is an electrochemical process - electrolysis - that develops a natural and protective exterior layer on aluminium that can be coloured, providing exceptional corrosion protection and/or increased functionality for the metal.
Anodising preserves all the natural and ecological properties of aluminium - it retains its high strength-toweight ratio, non-magnetic properties and exceptional corrosion resistance without any impact on the total and repeated recyclability of the metal.
Anodised aluminium is used across a wide range of architectural, designer, industrial and automotive applications.
UNITED ANODISERS - Tim Hutton - Chief Executive Officer – [email protected] - Tel: +32 (0)11 88 01 88 CALYPTUS – Cyril Combe – [email protected] -Tel: +33 (0)1 53 65 37 94
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