20 MAY 2015www.recyclingtoday.com
ALBA SE, Germany, reports significant earnings growth for Q1 2015
Edited by : AL CIRCLE
1 min read
Recycling, trading and waste management company ALBA SE, Cologne, Germany, has reports first quarter earnings before taxes (EBT) of €8.7 million (US$7.651 million), a level more than four times higher than the €2.1 million (US$1.846 million) of earnings before tax the company reported the same time last year. ALBA SE is a subsidiary of the ALBA Group, headquartered in Berlin.
Earnings before interest, taxes, depreciation and amortization (EBITDA) also improved in the first quarter to €13.0 million (US$14.786 million) from €7.8 million (US$8.871 million) the previous year. Sales increased only slightly by 2.6 percent to €382.4 million (US434.845 million).
The company cites as reasons for the significant quarterly improvements between the two years is the merger of the company’s environmental services and raw materials trading segments, along with the effects of realigning its steel and metals recycling segment. In recent months, ALBA SE sold off metal recycling facilities in Aschaffenburg, Hanover and Freiburg Germany.
Axel Schweitzer, chairman of the board of ALBA SE, attributes the positive results to the strategic path the company has taken this year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) also improved in the first quarter to €13.0 million (US$14.786 million) from €7.8 million (US$8.871 million) the previous year. Sales increased only slightly by 2.6 percent to €382.4 million (US434.845 million).
The company cites as reasons for the significant quarterly improvements between the two years is the merger of the company’s environmental services and raw materials trading segments, along with the effects of realigning its steel and metals recycling segment. In recent months, ALBA SE sold off metal recycling facilities in Aschaffenburg, Hanover and Freiburg Germany.
Axel Schweitzer, chairman of the board of ALBA SE, attributes the positive results to the strategic path the company has taken this year.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Call to increase security at ports to stop illegal export of scrap metal
Next articleAluminum Association study finds aluminum cans to be the most recycled, highest value beverage container on the market
Grow with
AL Circle
