Gamma Holding's strategy towards leadership 2010

31 Jan '08

3 min read

Gamma Holding's turnover came to EUR 779 million in 2007 (2006: EUR 774 million). Adjusted to take account of currency effects (-4%), turnover increased by 5%.

The operating result excluding restructuring expenses increased by 3% to EUR 63.4 million (2006: EUR 61.6 million). Adjusted for currency effects (-9%), the operating result excluding restructuring expenses rose by 12%.

The net group result increased by 18% to EUR 33.0 million (2006: EUR 28.0 million). Adjusted for currency effects (-10%), the net group result showed an increase of 28%.

The takeover of the Danish company uni-chains A/S has now been approved by the competition authorities and was completed this week. Gamma Holding is hereby taking a significant strategic step towards strengthening the position of its subsidiary Ammeraal Beltech (Belting Technology) in the growth market for modular process and conveyor belts.

These provisional figures have not yet been audited. The definitive figures for 2007, together with explanatory notes, will be published on 22 February before the start of stock exchange trading.

Strategy Towards leadership 2010:
Four years of intensive work on the portfolio, the strategic cost position, growth and synergy have made Gamma Holding a healthy company. Important portfolio changes have been carried out during the transformation process. Assembly activities have been centralised and, like production, moved to low-wage countries.

More Gamma Holding NV News... More Textiles News - Netherlands...