March 30 (SeeNews) - Bulgarian aluminium products manufacturer Alcomet [BUL:6AM] expects its sales to increase by about 65% to 850 million levs ($483.5 million/434.6 million euro) in 2022 if the aluminium prices on the London Metal Exchange remain unchanged, the company said.
Net profit margin is expected to stand between 2% and 3% under the same conditions, Alcomet said in its audited annual financial statement for 2021 published on Monday.
The company's earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin is seen in the range of 5% to 7%.
Alcomet's product sales in 2021 generated a revenue of 513.9 million levs, according to the financial statement.
The company narrowed its net loss 140,000 levs last year from 3.56 million levs in 2020.
Alcomet produces household, technical and container foils, sheets and strips as well as standard and customised profiles. The company exports over 90% of its output.
(1 euro = 1.95583 levs)