ALRO Group recorded net profit of 126.8 million RON in the first nine months

ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, announces today its consolidated financial results for the nine months ended 30 September 2024.

The Group’s turnover increased by 13 percent (Q1-Q3 2024: RON 2.54 billion vs Q1-Q3 2023: RON 2.24 billion), on the back of higher aluminium prices and improved demand. ALRO Group registered a net profit of RON 126.8 million (Q1-Q3 2023: a net loss of RON 394 million), due to better cost structure following higher production of liquid aluminium from scrap and higher sales of high and very high added-value aluminium products.

“The results for the first nine months of 2024 are a direct reflection of the strategic focus on increasing the output of high added-value aluminium products, diversifying our portfolio, and reinforcing cost control measures like expanding our recycling facility capacity. The investments in high-end technology, to supply sophisticated products already have a positive impact in our results, allowing us to further expand on the international markets”, said Marian Năstase, Chairman of the Board of Directors, ALRO. “We’re committed to continuing on this path, actively monitoring the market and taking appropriate measures to consolidate our position, ensuring long-term value creation and resilience”, added Marian Năstase.

To support the aluminium output in line with the customers’ demand, in Q1-Q3 2024 the Group increased the production of liquid aluminium from scrap by 125 percent compared Q1-Q3 2024, while the production of electrolytic aluminium production increased, as well, by 5 percent during the analysed period.

ALRO Group increased the sales of flat rolled products, for this segment achieving sales higher by 53 percent, in terms of quantities, than in Q1-Q3 2023. The overall sales of processed aluminium were higher by more than 20,000 tonnes in the first nine months of 2024 (66,007 tonnes in Q1-Q3 2024, compared to 43,269 tonnes in Q1-Q3 2023). The sales of primary aluminium also increased to 86,500 tonnes, from 78,934 tonnes 9M 2024 – 9M 2023).