Befesa - Presse



Befesa´s sales increased 5.8% in the first quarter 2005

During the first quarter of the 2005 financial year, the Group's sales increased by 4.7 million euro (+5.8%) on the same period the previous year. This is mainly due to higher sales in the secondary aluminum sector and from zinc and desulphurization recycling. The rest of the business areas had sales similar to those of the first quarter of 2004.

Evolution of the businesses in the first quarter of 2005 (figures in millions of euro):

Evolution of the businesses in the first quarter of 2005
 March 2005March 2004Variation (%)
Sales86.381.65.8 %
EBITDA9.69.51.1 %
EBITDA / Sales11.1 %11.6 %-4.3 %
EBT4.64.44.5 %
EAT3.63.60.0 %
EAT Parent3.43.33.0 %

In relation to the Ebitda, there has been a slight increase (+1.1%) compared to the last financial year, which is due mainly to the positive evolution in the aforementioned business areas. This improvement in the Ebitda is reflected in both the earnings before tax and the earnings after tax.

The evolution of Befesa's three large Business Units is as follows:

  • Industrial Waste Management, which covers our Salt Slag, Zinc and Desulphurization, and Industrial and Hydrocarbon Cleaning activities, as well as the Industrial Waste Management activity itself. Compared to the previous year, there has been an increase in all the highlights of the profit-and-loss account. This is proof of Befesa's clear objective of continuing to grow in this activity, the core of its business. An example of the positive evolution of the business is the increase in the volume of wastes treated in the first quarter of this year compared to last year. This has increased from 211 to 249 thousand tons of waste material.
  • Engineering and Services: this activity has behaved in a manner very similar to last year over the first quarter, with prospects for the year as a whole being good due to the volume of the contracted works portfolio.
  • Aluminum Waste Recycling: The evolution of this Business Unit has been positive and has continued along the same lines as in the previous year. This is due to the increase in the number of tons, margins being kept up, and the consolidation of the cost structure that was implemented last year.