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09.07.2005

Befesa´s sales increased 10.0 % in the first six months of 2005

During the first six months of the 2005 financial year, the sales of the Environmental Services Business Unit have increased by 16.1 million euro (+10) compared to the previous financial year. This is mainly due to higher sales in the secondary aluminum sector and the increase in the volume of treated wastes. The remaining areas have maintained a business volume similar to that of the first six months of 2004.

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

Evolution of the businesses in the first six months of 2005
 Juny 2004Juny 2005Variation
Sales162178.110%
EBITDA17.618.97.5%
EBITDA / Sales10.910.6-2.2%
EBT8.58.94.4%
EAT6.16.44.9%
EAT Parent5.55.97.3%

As regards the Ebitda, it has increased 1.3 million euro (+7.5) on the figure for the first six months of 2004. This is mainly due to the positive evolution in the aforementioned business sectors.

In addition, both the EAT and Parent Company`s EAT have evolved positively and have amounted to 6.4 and 5.9 million euro, respectively, which is a 4.9% and 7.3% increase on the figures achieved in the same period the previous financial year.

By Business Unit, the evolution has been as follows:

  • Aluminum Waste Recycling: the evolution of this Business Unit has been positive and has continued along the lines established in the previous financial year. This due to the increase in the volume of tons treated, the maintenance margins, and the progressive consolidation of the costs structure implemented in the last financial year. An example of this is to be found in the 16% increase in sales in this six-month period on the figure for the same period the previous year. This is due to the higher volume of tons of aluminum sold together with the increase in the price of metal and the positive performance of the salt slang business.
  • Zinc Waste Recycling: this business Unit´s evolution has also been positive and sales have increased 6% on the previous year. Said increase is due both to the higher volume of treated tons and the positive evolution of prices.
  • Industrial Waste Management and cleaning: this covers the Industrial and Hydrocarbon Cleaning activities and the Industrial Waste Management business itself. In this activity, compared with the same period the previous financial year, an increase can be seen in all the highlights of the financial statements and this is more evident proof of Befesa´s clear objective of continue growth in this activity which is considered the core of the business. An example of the positive evolution of the business is to be found the increase in volume of waste treated in this first six months compared with the figure for the same period the previous year. This rose from 233 to 281 thousand tons of waste.
  • Environmental Engineering: an activity whose performance is developing along lines very similar to those of previous year. The medium-term prospects for this activity are attractive as a result of the large contracted works portfolio. An example of the growth objectives laid down is the fact that the contracting portfolio to June 2004 was 117.3 million euro while it currently stands at 229.3 million euro.