Aliaxis Half Year Results 2013

Press release -

Overall good performance supported by recent acquisitions and benefits from cost management

Highlights for the first half of 2013:

  • Sales revenues amounted to € 1,267 million; an overall increase of 5.9% compared to the first half of last year. On a like-for-like* basis this results in a decrease of 2.4% compared to the first half of 2012.
  • Operating income (EBIT) of € 114 million, which is 12.6% higher compared to the same period of last year and on a like-for-like* basis an increase of 2.9%.
  • Current EBIT amounted to € 114 million, in line with last year.
  • Solid performance in North America and Australasia, with performance in Central and South America suffering due to lower activity levels in construction.
  • Acquisition of Ashirvad Pipes in India boosted the Asian operations and the Latin American operations benefitted from the full semester contribution of Vinilit.
  • No improvement of construction activities in Europe. The market environment in Spain and Italy continued to be particularly challenging.