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Turnover at Gamma Exotic Fabrics rise sharply

23 Apr '08

3 min read

On a comparable basis, turnover of Filtration was stable. Positive developments in, among others, the United States, Australia and New Zealand were offset by disappointing results in Europe, with the exception of Germany, where demand remained high.

Compared to the first quarter of 2007, turnover of Coating & Composites rose. Growth was posted in Western Europe, the Middle East and North America, among others. Particularly duraskin (tents and roofing structures) and seemee (printable media fabric) performed well. The business unit supplied fabric for the roofing structure of the new stadiums in Jakarta, Indonesia and Coquimbo, Chile, as well as for the airport in Alicante, Spain.

Lifestyle Fabrics:
Turnover at the Lifestyle Fabrics sector rose by 2% and amounted to EUR 84 million. Currency movements had an effect of -4%. On a comparable basis turnover increased by 6%.

Turnover at Exotic Fabrics increased sharply as a result of increasing demand for all brands. After the successful opening of a Vlisco flagship store in Benin, the top brand started a similar store in Togo.

Uniwax benefited from larger export volumes and turnover of GTP rose as well, partly due to the undiminished demand for the cheaper GTP Nustyle. Woodin also performed well, with new stores planned in Benin and Côte d'Ivoire. Especially the recently opened store in the new Accra shopping mall in Ghana is successful.

Sleep Care Fabrics still has to contend with increased price pressure and lower volumes in Europe. Additionally, the business unit is hindered by the weaker economy in the United States caused by the stagnating housing market.

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