ALRO¡¯s consolidated turnover down 6% YoY in nine-month; primary aluminium production slightly up

ALRO S.A., one of the largest vertically integrated aluminium producers, by capacity, in Europe, announced its consolidated financial results for the first nine months of 2019. The Group’s turnover stood at RON 2.16 billion in the first nine months of 2019, down 6% year-on-year.

ALRO Group registered a net loss of RON 22.7 million in nine-month period, from a net profit of RON 223.5 million in the same period of 2018.

Marian NASTASE, Chairman of ALRO’s Board of Directors said: “International politics such as the US tariffs on imports, the Chinese retaliation, the Brexit negotiations, all these left room for uncertainties in the industry and reflected into a prudent behaviour of the aluminium customers and this was reflected in the results reported for the first nine months of 2019 for all major companies in the aluminium industry. On the local market, we have also faced adverse conditions, the overall costs increasing by 12%, mainly due to the growth of the purchase prices of utilities, namely electricity and gas, in line with their specific market prices, but with very high levels compared to other European countries”.

Primary aluminium production increased from 213,704 tonnes to 214,840 tonnes in in the first nine months of 2019, while processed aluminium production came in at 79,164 tonnes, up from 77,322 tonnes.

Alumina production declined from 423,633 tonnes to 357,286 tonnes in the first nine months of 2019, while bauxite production stood at 1,527,688 tonnes, down from 1,570,687 tonnes.

“One of the most important focus of ALRO Group is even a stricter control-costs which means the reduction of the raw materials and utilities rates, especially of the energy consumption”, said Gheorghe DOBRA, ALRO CEO. “On this purpose, at the end of 2018 the Group started to invest in the implementation of a new pot replacement methodology in the electrolysis sector of the primary aluminium division that will place ALRO in the top of the most energy-efficient smelters in the world.”

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