MYTILINEOS HOLDINGS - SUSTAINABILITY REPORT 2013 - page 12

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3.3 KEY FIGURES FOR 2013
& OUTLOOK FOR 2014
Ι
n addressing the recession prevailing in
the domestic environment and in line
with similar initiatives developed inter-
nationally, MYTILINEOS Group, relying
on the expansion of its activities abroad,
the implementation of strict cost con-
trols and the emerging returns of the sig-
nificant investments carried out during
the last years, is posting improved op-
erational profitability and reduced net
borrowing levels, while also securing ad-
equate liquidity to achieve its strategic
goals.
In particular, the Group in 2013 posted
a consolidated turnover of €1,403 mil-
lion, down 3.5% from €1,454 million in
2012. Earnings before interest, tax, de-
preciation and amortisation (EBITDA)
grew by 35.4% and stood at €231.9 mil-
lion, up from €171.2 million in 2012.
Net profit after tax and minority rights
stood at €22.5 million, growing by
€3.4 million from €19.1 million in the
previous year, while net borrowing stood
at €510 million, down 30% from €725
million in 2012.
Regarding the outlook for 2014 for each one
of the Group’s activity sectors, the follow-
ing remarks may be made:
Metallurgy & Mining Sector
The developments regarding the performance
of emerging economies and especially of the
Chinese economy, the high energy costs and
the evolution of the Euro/USD parity, to-
gether with the monetary policy to be
adopted by the Central Banks, are expected
to be the key factors that will determine the
developments in the sector in the months to
come. Against this international backdrop
and given the adverse conditions in the do-
mestic environment, the full implementation
and further expansion of the objectives of the
“MELLON” Programme are the necessary
conditions for boosting the competitiveness
of the Group’s Metallurgy sector and for im-
proving its financial performance.
Construction & EPC Projects Sector
Implementation of the signed backlog,
currently standing at €2.2 billion, is ex-
pected to continue during 2014. For
METKA S.A., 2014 is starting off to posi-
tive prospects of being yet another year of
very satisfactory results, driven mainly by the
projects it has been awarded in the markets
of Algeria, Jordan and Iraq, with the im-
plementation of the Company’s second
project in Syria also showing progress, de-
spite local difficulties. For the immediate fu-
ture, METKA S.A. will focus on ensuring the
successful implementation of its contracts
abroad and on securing new projects in ex-
isting as well as in new markets, in order to
expand its share of the market for energy in-
frastructure projects in Europe, Turkey, N.
Africa and the Middle East.
Energy Sector
In 2014, the Energy sector is expected to
continue to steadily contribute to our fi-
nancial performance, as all thermal plants
constructed during the previous years are now
in commercial operation. The changes in the
market’s operation recently announced by the
Regulatory Authority for Energy (RAE) pave
the way for the gradual transition to a
more competitive market model and are ex-
pected to help restore liquidity, whose
scarcity was a major problem during the pre-
vious period. With 1.2 GW of installed ca-
pacity now in full operation, we are now firm-
ly established as the largest independent en-
ergy producer in Greece and we have secured
the critical size required to benefit the most
from the impending full liberalisation of the
domestic electricity market. In this context,
in 2014 the Energy sector is expected to have
a steady and satisfactory contribution and to
boost the Group’s consolidated business and
financial results on an equal basis relative to
the other key activity sectors.
1,403
231.9
67.1
214,318,544
3
3
8
7
2,001
757,134
10,338,544
635,935
810,000
169,481
2,242.3
4.1
1.287
116,915,862
5.68
51,950,600
11.46
*
Installation licenses: 80 MW; Production Licenses: 1,064 MW;
Applications for Production Licenses: 143MW.
KEY FIGURES - 2013
Turnover (in million €)
EBITDA (in million €)
Net profits (in million €)
Social Product (€)
Activity sectors
Total number of subsidiaries
Total number of countries where the Group is present
Total number of production plants
Total workforce
Social expenditure (€)
Environmental expenditure (€)
Average annual production of Bauxite (tn)
Average annual production of Alumina (tn)
Average annual production of finished Aluminium (tn)
EPC signed backlog (in million €)
Energy produced from IPPs (TWh)
Portfolio of RES projects in various stages of development (MW)
*
Total number of shares – MYTILINEOS HOLDINGS S.A.
Share price – MYTILINEOS HOLDINGS S.A. (as at 31-12-2013) (€)
Total number of shares – METKA S.A.
Share price – METKA S.A. (as at 31-12-2013) (€)
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