Orkla Aluminium Solutions

Integration and Restructuring

Focus in 2008 was on integrating the new organisation and on offering the market innovative, value-added solutions based on aluminium profiles and strip. Sapa was affected by the general economic decline, and all units had to take action in response to the changed market conditions, resulting in a number of restructuring activities. At the end of the year, Orkla and Alcoa signed an agreement to exchange equity interests, as a result of which Sapa will be wholly owned by Orkla.

Orkla_alu_solutions PDF of Orkla Aluminium Solutions

Operating revenues	NOK 27,809 million
EBITA¹	NOK 697 million

Facts about Orkla Aluminium Solutions

Sapa develops, manufactures and markets value-added aluminium profiles, profile-based building systems and aluminium strips for heat exchangers.

The company comprises three main business areas: Sapa Profiles, Sapa Building System and Sapa Heat Transfer.

Its business concept is based on close cooperation with customers. Sapa is leading in its field and serves customers in the building and construction, transport, engineering and telecom industries.

Results for 2008

2008 was a year that started strong but then fell rapidly in most markets. The results for Profiles developed well throughout the first half of the year but then weakened sharply. The turning point for Heat Transfer came later, in the fourth quarter of 2008, while Building System had a satisfactory fourth quarter.

Operating revenues totalled NOK 27,809 million, while EBITA was NOK 697 million. Restructuring and significant impairment charges, as well as inventory write-downs for Sapa Profiles amounted to NOK 576 million.

Sapa Profiles

Sapa Profiles is the world's leading manufacturer of processed aluminium profiles.

Sapa Building System

Sapa Building System is one of Europe's largest suppliers of building systems based on aluminium profiles.

Sapa Heat Transfer

Sapa Heat Transfer is the world's leading supplier of solutions for heat exchangers in the automotive industry, and has a global market share of 17 %.

Nøkkeltall

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EBITA

¹ Excluding acqusitions, divestments and currency translation effects.