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Gamma to rearrange Industrial Solutions & Lifestyle Fabrics
22 Feb '08
3 min read
The net group result increased by 18% to EUR 33.0 million (2006: EUR 28.0 million). Excluding currency movements of -10%, the net group result rose by 28%.
Earnings per share were EUR 4.39 (2006: EUR 3.71).
Dividend proposal:
In fixing the dividend on ordinary shares, the aim is a long-term average dividend of approximately 40% of the net group result attributable to equity holders. In 2007 the balance sheet ratios were strengthened by the upward trend in income. The proposal is to declare a dividend on EUR 2.00 per share on the ordinary shares, to be charged to retained earnings. This dividend is 47% of the net group result attributable to equity holders.
Gamma Technologies:
Gamma Technologies consisted of Belting, Filtration, Coating & Composite, and Sailcloth Technology. These business units again brought various innovative products onto the market in 2007. Belting, for example, developed an endless, heat-resistant felt belt for the aluminium industry. Filtration launched Dual-TexTM, a double-layer woven filter cloth for filter belts that enables solids to be separated from liquids more easily and more quickly.
Coating & Composite supplied energy-saving cloth for an innovative double-walled facade of a building of the Directorate-General for Public Works and Water Management in Utrecht. In collaboration with DSM, Sailcloth Technology brought onto the market an innovative D4 membrane sailcloth, using for the first time in this top segment the super-strong fabric Dyneema, which greatly improves the shape retention of the sailcloth.
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Earnings per share were EUR 4.39 (2006: EUR 3.71).
Dividend proposal:
In fixing the dividend on ordinary shares, the aim is a long-term average dividend of approximately 40% of the net group result attributable to equity holders. In 2007 the balance sheet ratios were strengthened by the upward trend in income. The proposal is to declare a dividend on EUR 2.00 per share on the ordinary shares, to be charged to retained earnings. This dividend is 47% of the net group result attributable to equity holders.
Gamma Technologies:
Gamma Technologies consisted of Belting, Filtration, Coating & Composite, and Sailcloth Technology. These business units again brought various innovative products onto the market in 2007. Belting, for example, developed an endless, heat-resistant felt belt for the aluminium industry. Filtration launched Dual-TexTM, a double-layer woven filter cloth for filter belts that enables solids to be separated from liquids more easily and more quickly.
Coating & Composite supplied energy-saving cloth for an innovative double-walled facade of a building of the Directorate-General for Public Works and Water Management in Utrecht. In collaboration with DSM, Sailcloth Technology brought onto the market an innovative D4 membrane sailcloth, using for the first time in this top segment the super-strong fabric Dyneema, which greatly improves the shape retention of the sailcloth.
Click here to view more:
Gamma Holding NV
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