Viohalco Hellenic Copper and Aluminium Industry S.A. announced consolidated earnings results for the nine months ended September 30, 2012. The consolidated turnover amounted to EUR 2,565 million, decreasing by 3.2% compared with the corresponding period of the previous year 2011. The consolidated profits before taxes, financing, investing results and depreciation ("EBITDA") amounted to EUR 124.8 million, compared with EUR 142.1 million for the corresponding period of 2011, decreasing by 12.19% and the consolidated results before taxes and minority rights amounted to EUR 53.3 million losses, compared with a loss of EUR 25.3 million for the corresponding period of 2011. Finally the consolidated net results after taxes and minority rights amounted to EUR 39.1 million losses or EUR 0.1959 per share compared with EUR 25.1 million loss or EUR 0.1258 per share, for the nine months of 2011. The financial results were negatively affected, first of all, by the continued severe crisis of the Greek Economy, especially in the construction branch, as well as the economies' recession inEurope. In addition, the increased financial cost, as well as the costs of transport and energy, which is also excessively charged by the consumption taxes, further squeezed the profit margins. The results before taxes for the nine months of 2012 amounted to EUR 2.6 million profit, compared with EUR 0.6 million loss for the corresponding period of 2011 and the net results after taxes amounted to EUR 2.6 million profit (or EUR 0.0129 profit per share) compared with EUR 0.7 million loss for 2011(or EUR 0.0035 per share).

Viohalco Hellenic Copper and Aluminium Industry SA reported consolidated and standalone earnings results for the first quarter ended March 31, 2012. For the quarter, the group reported sales of EUR 817.9 million, operating results of EUR 1.2 million, loss before income tax of EUR 23 million and loss attributable to shareholders of the parent of EUR 21.9 million or EUR 0.0735 per basic and diluted share against sales of EUR 860 million, operating results of EUR 34.2 million, profit before income tax of EUR 18.3 million and profit attributable to shareholders of the parent of EUR 13.2 million or EUR 0.0342 per basic and diluted share for the same period a year ago. Net cash used in operating activities was EUR 36.7 million against EUR 112.9 million for the same period a year ago. Addition of tangible assets, investment property and intangible assets was EUR 18.4 million against EUR 17.2 million for the same period a year ago. For the quarter, the company reported operating loss of EUR 0.318 million, loss before income tax of EUR 0.154 million and loss attributable to shareholders of the parent of EUR 0.282 million or EUR 0.0014 per basic and diluted share against operating results of EUR 0.665 million, profit before income tax of EUR 0.996 million and profit attributable to shareholders of the parent of EUR 0.874 million or EUR 0.0044 per basic and diluted share for the same period a year ago. Net cash used in operating activities was EUR 1.3 million against EUR 2.2 million for the same period a year ago. Addition of tangible assets, investment property and intangible assets was EUR 0.06 million against EUR 1.1 million for the same period a year ago.

Viohalco Hellenic Copper and Aluminium Industry SA - Shareholder/Analyst Call