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ALRO Group publishes its Trading Update Q2 2023
Thu, 07/20/2023 - 18:26Slatina, 20 July 2023– ALRO S.A. (BSE: ALR, “the Company” or “ALRO”), one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, publishes today the Trading Update Report for Q2 2023 which provides basic preparatory information on the economic environment of ALRO Group's key performance indicators for the quarter that ended on 30 June 2023 (“Q2 2023”).
The Half-Year Report for the six-month period ending 30 June 2023 i.e. 1 January - 30 June 2023 ("2023 Half-Year") will be published on Wednesday, 09 August 2023, and the Company's representatives will hold the Financial Results Conference Call on Friday, 11 August 2023.
The information contained in this trading update may be subject to change and may differ from the numbers of the quarterly/ half-year/ annual report.
The Trading Update Q2 2023 Report is available in a separate document on the Company's website, Investor Relations category, Reports section: https://www.alro.ro/en/reports and at the below link:
Marian-Daniel NĂSTASE Gheorghe DOBRA
Chairman of the Board of Directors Chief Executive Officer
For further information, please contact:
Florenta Ghita
Bucuresti
Phone: +40 744 644 004
E-mail: investor.relations@alro.ro
Notes to the Editor:
ALRO Group
The companies’ part of ALRO Group are: ALRO S.A. – manufacturer of aluminium, ALUM S.A. – producer of alumina, Sierra Mineral Holdings I, Ltd. – bauxite mining, Vimetco Extrusion S.R.L. – extrusion business line, Conef S.A. – holding and management company, Global Aluminium Ltd. – holding company and Bauxite Marketing Ltd – marketing, Vimetco Trading – aluminium sales. Having this structure, the Group created an integrated production chain assuring the raw materials for ALRO.
ALRO
ALRO is subsidiary of Vimetco PLC (Republic of Cyprus), a global, vertically-integrated primary and processed aluminium producer. The structure of ALRO’s shareholders is: Vimetco PLC (54.19%), Paval Holding (23.21%), Fondul Proprietatea (10.21%) and others (12.39%).
ALRO is one of the largest vertically integrated aluminium producers in Europe, by production capacity, with a production capacity of 265,000 tpa of electrolytic aluminium, an Eco-Recycling capacity that will reach 100,000 tpa by the end of 2023, resulting in a production of recycled liquid aluminium of 94,000 tpa. The capacity of the Aluminium Cast House is 315,000 tpa and a processing facilities of 140,000 tpa of cold and hot rolled facilities and extrusion division.
The main markets for ALRO products is represented by the European Union; the Company exports its products to the USA and Asia, as well. ALRO is ISO 9001 certified for quality management and has NADCAP and EN 9100 certificates for aerospace production organizations, ALRO’s products adhere to the quality standards for primary aluminium on the LME, as well as international standards for flat rolled products.
Since 2020, ALRO and Vimetco Extrusion are members of ASI (Aluminium Stewardship Initiative), an international association that contributes to enhancing sustainability in the global aluminium sector. In January 2023, ALRO achieved the first certification in Europe under ASI’s Third version of Performance Standards.
