Impol Group, Slovenia's producer of flat rolled and extruded aluminium products, reported an operating profit of 30.5 million euro in 2019, a drop of 29 per cent. The company’s consolidated net profit stood at 23.8 million euro ($25.9 million) in 2019, registering a decline of 35 per cent.
Impol said in a filing with the Ljubljana bourse on Wednesday that EBITDA decreased by 15% to 50.4 million euro. The Group’s nets sales revenue declined on lower aluminium prices and sales volume. Revenue for 2019 came in at 683 million euro, down 6.1 per cent.
The group, which employed 2,393 people at the end of December, was the fifth largest exporter in Slovenia in 2019.
The group said the effects of the COVID-19 outbreak are yet unknown in its operations in 2020.
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