ALUMIL BEYOND
Sustainability – Sustainable Development – Social Contribution
In ALUMIL we look beyond. Beyond the boundaries of our industry. Beyond our business activities. Our planet needs our contribution. This is why we envision a world of sustainable development and social contribution. A world beyond the ordinary or otherwise… the world of ALUMIL BEYOND.
Our Achievements in numbers
50%
of our suppliers belong to the local market.
1200
training hours by ALUMIL Academy in training sessions for beginners in the industry and 1343 training hours for the training of aluminium fabricators.Sustainability Report 2022
Read the annual ALUMIL Sustainability Report, which
records the performance and the achievements of the company on social
responsibility, environment, corporate governance, market, and human
resources issues.
«We are developing our ESG strategy, having in mind that companies can and should actively participate in the major challenges that humanity is facing».
- Georgios Mylonas, President and CEO of ALUMIL
We incorporate the Sustainable Development Goals of the United Nations
Good health and well-being
We set the Health and Safety of our employees as our strategic priority and to this end, we apply thought-out policies which comply with the international standards.
Quality education
We regularly carry out training courses for our staff, which aim to sharpen their skills, useful for their work, but also to educate them on sustainable development and best practices issues.
Gender equality
Our corporate culture shapes a working environment, in which the employees are selected regardless of their gender while considering only their skills and the value they can offer to our company.
Clean water and sanitation
The use of water is necessary for the operation of our production installations and therefore its rational management is our commitment as well as our priority, while our goal is to maintain high recycling rates.
Decent work and economic growth
We continuously invest in our people, as we acknowledge that they constitute the biggest asset of our company. Their role in the company’s growth is crucial and, on that account, we commit to continuously ameliorating their working environment.
Industry, innovation and infrastructure
We commit to continue producing high quality products, while improving the quality control management, in accordance with international standards. Meanwhile, we certify our systems in collaboration with international institutes.
Responsible consumption and production
We are one of the first companies in Greece to support the “circular economy” model, a new productive model based on the use of materials and products in a way that will help optimize the product lifetime and minimize natural resources extraction.
Climate action
We always search for ways to limit the use of natural resources, by reducing carbon emissions. Through research and planning, we seek to reduce as much as possible the environmental footprint.
Partnerships for the goals
Since 2011, we are part of the Global Compact network of the United Nations. Meanwhile, we are constantly searching for new partnerships, and we are supporting initiatives aiming to address the current challenges facing our planet.
Awards & Recognition
The Most Sustainable Companies in Greece 2020
Special Award for the community service during the pandemic
Award of the Best International Involvement Company 2020 category
ALUMIL is among the 35 listed Greek companies that meet the criteria of the ESG Index
Participation in Networks & Organisations
Press Release – Financial Results 2023
ALUMIL: 7% Increase in Sales Volume in 2023
ALUMIL maintained its growth trajectory in 2023, despite global challenges and the fluid international economic environment.
Specifically, in 2023, the Group achieved a notable increase in sales volume, amounting to 7%, thus continuing the growth momentum from 2022. Concurrently, the turnover increased at a lower rate of 0.5%, attributed to the sharp decrease in the price of aluminum raw material at the London Metal Exchange (LME), consequently dragging down selling prices.
The sales increase in the first quarter of 2024 reached 15%, while business activity in Greece surged at double the rate compared to the same period in 2023.
Furthermore, to support the increasing global demand for its products, the Company has initiated and is executed a series of major investments, among which stand out: the new state-of-the-art vertical dying installation with artificial intelligence technology (operational in July 2024), the acquisition of a 35,000 sq.m. land plot and a 6,000 sq.m. building, adjacent to which a new facility for housing a robotic warehouse will be constructed initially with 4,000 positions, in addition to the existing 15,500 storage positions operating in the 33,000 sq.m. adjacent to the logistics center in Kilkis (October 2024). Moreover, the purchase of an automatic combined packaging line (September 2024), the installation of a new extrusion line (1,350 MT) with artificial intelligence technology (June 2024), as well as the investment in new technology air compressors for the extrusion, painting, casting, and anodizing units.
A significant ally in ALUMIL's investment strategy for the current year is the funding from the Recovery and Resilience Facility amounting to 15 million euros, with the relevant application already submitted.
Dynamic Growth Beyond Borders
Top of Form
In 2023, ALUMIL established its dominance among other companies in the significant market of Egypt and showcased promising prospects in both African and in the markets of India, Thailand, Vietnam and Indosia where the company already operating. Furthermore, positive developments were also observed in several strong markets such as the United Kingdom, Italy, and Canada. After all, ALUMIL has been operating in more than 60 countries worldwide for decades, a testament to its stable growth, financial health and international presence.
"2023 was a year with challenges at all levels. In a volatile and unpredictable economic environment, amidst new international crises, we managed to rise to the occasion and adapt accordingly, achieving significant successes," emphasized Georgios Mylonas,
President and CEO of the Group, reflecting on the financial performance of 2023. He added, "We continue steadfast in our plan, implementing investments that enhance our production capacity and contribute to the further digital transformation of the Group. With our core strategy of sustainable growth, we forge ahead into the new year, pioneering and opening new paths in the aluminum industry, as well as in business in general”
Financial Performance in 2023
In 2023, both the Group and the Company reported an increase in sales volume compared to 2022.
Specifically, at a Group level, the financial performance was as follows:
- The Group’s turnover recorded a 0.5% increase, amounting to 404.6 million euros compared to 402.5 million euros in 2022.
- Gross profits amounted to 91.1 million euros, a decrease of 13.2% from 104.9 million euros in 2022.
- Pre-tax profits amounted to 6.5 million euros compared to profits of 34.6 million euros in 2022, a decrease of 81.2%.
- Similarly, post-tax profits amounted to 4.1 million euros compared to profits of 27.7 million euros in 2022, a decrease of 85.2%.
- Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at 32.2 million euros compared to 56.5 million euros in 2022, a decrease of 43.0%.
At the Company level, the financial performance in 2023 was as follows:
- The Company’s turnover decreased by 7.7%, reaching 238.9 million euros compared to 258.7 million euros in 2022.
- Gross profits amounted to 32.7 million euros compared to 47 million euros in the corresponding period, marking a decrease of 30.4%.
- Pre-tax profits reached 0.5 million euros compared to 19.6 million euros in 2022, a decrease of 97.4%.
- Post-tax profits were 0.5 million euros compared to 15.6 million euros in 2022, a decrease of 96.8%.
- EBITDA stood at 14.2 million euros compared to 30.4 million euros in 2022, marking a decrease of 53.3%.
The reduced profitability in 2023, despite the recorded increase in sales, is attributed to the continued decline in the price of aluminum raw materials throughout 2023, the significant but large exchange rate differences from their foreign subsidiaries, the substantial increase in interest rates, and increased provisions.
However, given the dynamic and intensifying sales growth, a rapid recovery in profitability is considered foreseeable.
This is already happening in the first quarter of the current fiscal year.
The Financial Statements based on IFRS, as well as the Data and Information for the fiscal year 2023, will be posted on the website of the Company (https://www.alumil.com/) and the Athens Stock Exchange (http://www.helex.gr/), as of 19.04.2024.
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