Home / Knowledge / News / Textiles / Turnover at Gamma Exotic Fabrics rise sharply
Turnover at Gamma Exotic Fabrics rise sharply
Apr '08
In the first quarter of 2008 Gamma Holding's turnover increased by 7% to EUR 208 million, including a 6% positive effect due to the acquisition of the Danish company uni-chains and a -5% effect of currency movements. On a comparable basis, turnover increased by 6%.

EBITA amounted to EUR 17.0 million. Currency movements had an effect of -13%. On a comparable basis EBITA rose by 11%.

Net group result decreased by EUR 0.8 million to EUR 9.2 million, mainly due to higher financing expenses. Adjusted to take account for currency effects of EUR -1.4 million, net group result has risen by 6% compared to last year.

As indicated before, the acquisition of uni-chains is expected to positively contribute to the net result as from 2009.

Industrial Solutions:
Turnover of the Industrial Solutions sector rose by 11% and amounted to EUR 124 million, including a 10% positive effect due to acquisitions. Currency movements had an effect of -5%. On a comparable basis turnover increased by 6%.

Belting's turnover increased on a comparable basis. The business unit saw rising demand in almost all product groups, particularly in the field of timing, endless woven and lightweight rubber belts. Turnover growth was posted mainly in Europe. As per 1 January 2008 the Danish company uni-chains A/S is officially part of the business unit.

Uni-chains is specialized in modular belts - consisting of plastic links - for applications in the automotive, food, paper and print industries, among others. The company's performance came up to expectations. In the first quarter the integration of uni-chains into the total Ammeraal Beltech organisation was the main focus.

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search