ELVAL Group announces its financial results for the nine months of 2012 according to the International Financial Reporting Standards.

During the first nine months of 2012, the consolidated turnover amounted to euro 802.4 million, being reduced by 1.6% compared to the respective period of 2011, and gross profits amounted to euro 66.5 million from euro 70.3 million. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 4% to euro 65.4 million; earnings before tax fell to euro 20.8 million compared to euro 24.1 million and, finally, earnings after taxes and non-controlling interests amounted to euro 17.3 million compared to euro 17.2 million during 9-months 2011 (earnings: euro 0.1398 per share compared to euro 0.1382 per share).

Consolidated sales volume was at the same level with the respective period of 2011 while selling prices were reduced and the cost was considerably higher. In relation to 2011, the cost has been mainly affected by the increased energy cost that has also been charged with consumption taxes, increased transportation cost involving products and high interest rates. The extrusion sector limits losses although the domestic construction sector has slackened.

Total net borrowing of the Group was reduced at euro 220 million from euro 233 million at the end of 2011. During 9-months period of 2012, the Group's cash inflows from operating activities stood at euro 43 million and investment outflows at euro 31.9 million.

Published on Monday, 19 November 2012, following the end of ASE meeting

Note: The financial results of ELVAL Group for the 9-months period of 2012 are published on 20 November 2012 in Naftemporiki newspaper and will be uploaded on the Company's website (www.elval.gr) and the website of the Athens Stock Exchange (www.athex.gr).