Vladimír Urbánek (Kurzy.cz)
World markets  |  October 10, 2012 09:13:58

Alcoy in 3Q12 results beat estimates, but the company has reduced its estimates of demand for aluminum


World leader in the production of aluminum, an American company Alcoa, yesterday was the first company from the DJIA index base presented its results for Q3 of this year. The company posted an operating loss excluding non-recurring items of EUR 143 mill.USD = $ 0.13, gross operating result was positive at 32 above mill.USD = 3 cents per share, beating estimates of market set to an average of 1 cent. In 2Q company underwent two mill.USD in 3Q11 still mill.USD = 172 earned 15 cents per share.
Refined in 3Q EBITDA declined by 45% QoQ to 282 mill.USD
Total sales fell by 9% to 5.8 mld.USD despite QoQ decline in sales prices of metal by 5% and by 17% year on year. Market estimated to decrease to 5.56 mld.USD.
Record quarterly results recorded division rolled and technical products.

The management said that cash and liquid resources stood at 1.4 per mld.USD 3Q.
Furthermore, it was said that the company is on track to meet the applicable goals so far this year.

Management of the company lowered its estimates of this year's global demand for aluminum, whose growth is expected to slow down from 7 to 6%.
For comparison, in 2010 the market for aluminum grew by 13% last year, then about 10%. The company estimates that by 2020, the total demand doubled.
Strong growth company registers interest from manufacturers of aircraft and space technology, where the market is growing by about 13-14%. Automotive segment added 1%.
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Výsledky Alcoy ve 3Q12 překonaly odhady, ale firma snížila své odhady poptávky po hliníku

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