Vladimír Urbánek (Kurzy.cz)
World markets  |  January 08, 2013 13:49:08

Alcoa starts earnings season today for 4Q12 - waiting to return to profit and improvement in 2013


Hliníkářská world leader, the U.S. company Alcoa, today NaCN Result next roundabout, this time for 4Q 2012. The market expects the company for the last quarter of the year recorded after several unsuccessful attempts to return to quarters profit of 6 cents per share. In 4Q11 the company recorded a loss of 3 cents. Profitability should be a response to favorable commodity prices and also in response to closure of the least efficient production.

Alcoa in 4Q closed about 12% of its operations and sold its hydroelectric plant in Tennessee. The company launched a joint venture in Saudi Arabia.

The average price of aluminum in 2012 reached a level of 2 021 USD per metric ton. Price in Q4 grew by 3.5% qoq. For 2013, the estimated growth rates to 2 150 USD. In 2014, the price should increase to 2 292 USD respectively to 2 400 USD in 2015.Maximum aluminum recorded in 2008 at 3 317 USD per metric ton.

For the year 2013, analysts estimate that Alcoa recognized a profit of 65 cents per share in connection with the growth of prices of aluminum, which is estimated at 6.4%.

Global demand for aluminum should grow in 2013 by 6.3%, led by 9% in China. World aluminum inventories in warehouses in December last year reached historically high levels 5.2 million metric tons. For 2013 is estimated to grow to 8.67 million tons. Production will exceed demand by about 1.66 million tons.

Shares of Alcoy in 2012 showed a zero in the final price developments.
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Alcoa dnes zahájí výsledkovou sezónu za 4Q12 - čeká se návrat k zisku a zlepšení v roce 2013

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