Home / Knowledge / News / Textiles / Gamma Holding's strategy towards leadership 2010
Gamma Holding's strategy towards leadership 2010
31
Jan '08
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.


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Courtesy: Invista

Textiles | On 21st Aug 2018

Fujian Petrochemicals to use Invista's P8 PTA technology

Invista’s technology and licensing group, Invista Performance...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Top executives
Textile industry

Union budget 2018-19 will have positive impact on apparel industry

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

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

news category


Related Categories:

Advanced Search