2006 was a milestone year for LARCO, with our
financial results highlighting the success of the
company's turnaround.

• In 2006 despite technical production problems, we maintained a 40% market share in Europe. This places us among the top 5 leading ferronickel producers in the world, ranking globally as one of the most profitable in terms of return on equity over 2 years of both high and low prices

• We enjoyed a €346m turnover in 2006 (+46%) and EBT of €31m (+57%)

• We produced 17,737 tons of contained ferronickel

• We consolidated our 6-7% share of the European nickel market supplying leading steel makers

• We employ 1,300 staff - directly and indirectly - making LARCO one of the largest employers and contributors to GDP in Greece, with 4 main mining areas across Greece and a smelting facility

• We remained one of the largest investors (€35m) and exporters in Greece (2.1% of Greece's exports)

• Reserves and resources in excess of 1 million tons of contained nickel that stand at 50 years of production

• We are the largest metallurgical plant in Europe (excluding Russia)

• We have started to incorporate the principles of sustainable development in the procedures of decision-making of our company

• We are actively seeking more environmentally friendly technology and programming its implementation

• Our ambitious investment programme, in line with our long-term strategic vision and global positioning, is now moving to the second stage of growth through acquisitions