Italy based steelmaker Arvedi Group has announced its financial results for 2011. Its consolidated sales revenue increased by 29% YoY or EUR 527 million to EUR 2.345 billion. The company's EBITDA rose by 41% YoY to EUR 231.2 million, while the EBITDA margin reached 9.9% as compared to nine percent in 2010.

Arvedi Group's net profit in 2011 amounted to EUR 25.9 million despite EUR 106.1 million spent on amortizations, while in 2010 the company had suffered a EUR 4 million net loss.

According to the press statement released by Arvedi Group, the positive financial trend was allowed by improving steel markets (especially in the first half of 2011), both on the price side and on the demand side. Moreover, the company adopted a commercial strategy aimed at increasing supplies of high quality and high added value products to the most dynamic non EU markets.

The financial forecast of Arvedi Group for the current year is more cautious compared to last year's results due to the bad sentiment in the steel market in general. However, as stated by the company, starting from January 1, 2013 all of the company's plants hot rolling mill, cold rolling mill and finishing lines - will be cleared for 100 percent production capacity exploitation.

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