Recycling, trading and waste management company ALBA SE, Cologne, Germany, has reported first quarter earnings before taxes (EBT) of €8.7 million (US$7.651 million), a level more than four times higher than the €2.1 million (US$1.846 million) of earnings before tax the company reported the same time last year. ALBA SE is a subsidiary of the ALBA Group, headquartered in Berlin.
Earnings before interest, taxes, depreciation and amortization (EBITDA) also improved in the first quarter to €13.0 million (US$14.786 million) from €7.8 million (US$8.871 million) the previous year. Sales increased only slightly by 2.6 percent to €382.4 million (US434.845 million).The company cites as reasons for the significant quarterly improvements between the two years is the merger of the company’s environmental services and raw materials trading segments, along with the effects of realigning its steel and metals recycling segment. In recent months, ALBA SE sold off metal recycling facilities in Aschaffenburg, Hanover and Freiburg Germany.
Axel Schweitzer, chairman of the board of ALBA SE, attributes the positive results to the strategic path the company has taken this year.
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