Wednesday, May 22, 2012

 PRESENTATION TO THE INSTITUTIONAL INVESTORS

On Wednesday May 22, 2012 VIOHALCO's annual corporate presentation took place at the Association of Greek Institutional Investors, during which the company's annual financial results were presented, together with the most important developments of the fiscal year 2011 and the general strategy of the company, as well as the prospects for the current year 2012.

Also the activity of the subsidiaries of VIOHALCO was briefly presented, which is mainly the production of steel products, copper and aluminum processing, cables production and real estate development.

There was also an analysis of the company's financial results for the year 2011, which were negatively affected by the continued severe financial depression of the Greek economy. As a result, local demand decreased significantly, especially for products used in construction. In addition, the liquidity crisis increased financial costs and the increase in the cost of energy further decreased profit margins.

More specifically, the consolidated turnover of VIOHALCOS.A.for the Fiscal Year 2011, amounted to € 3,536 mil., higher by 19,5%, compared with the previous year 2010. The consolidated profits before taxes, financing, investing results and depreciation (EBITDA) amounted to € 176.6 mil., compared with € 158.6 mil., for 2010, increasing by 11.34%. Depreciation for the year amounted to € 143 mil. and financial costs increased by 60%, compared with 2010. The consolidated results before taxes and minority rights amounted to a loss of € 47.1 mil. compared with a loss of € 28,8 mil. for 2010. The net consolidated results after taxes and minority rights amounted to a loss of € 42.7 mil. or € -0.2141 per share, compared with a loss of € 20.9 mil. or € -0.1049 per share for the year 2010.