Positive result continues in Q2 2006 at Gamma Holding

25 Aug '06

3 min read

Gamma Holding announces first half year results:
The positive trend in the first quarter was continued in the second quarter of 2006. Compared to the first half-year of 2005, turnover increased by 8 percent.

Gamma Comfort & Style both developed favourably due to the growth-oriented transformation process that had been launched earlier and an improved cost structure.

In the first half of 2006 Gamma Holding's turnover amounted to EUR 393 million (2005: EUR 365 million), including a positive effect of 2 percent due to acquisitions and a 2 percent positive effect of currency movements. On a comparable basis, turnover increased by 4 percent.

In the first half year, the operating result increased by 40 percent to EUR 30.9 million (2005: EUR 22.0 million). Restructuring costs amounted to EUR 1.4 million (2005: EUR 5.8 million) and were related to Sleep Care Fabrics.

The operating result excluding restructuring costs increased by 16 percent to EUR 32.3 million (2005: EUR 27.8 million), including a 2 percent effect due to acquisitions and a 4 percent effect due to currency movements. On a comparable basis operating result increased by 10 percent.

The net group result was EUR 15.8 million (2005: EUR 9.7 million).

Gamma Comfort & Style
Within the Gamma Comfort & Style sector, turnover increased by 4 percent to EUR 140 million (2005: EUR 135 million).

The operating result (excluding restructuring costs) increased by 22 percent to EUR 13.1 million (2005: EUR 10.6 million), due to an improved cost position in Exotic Fabrics.

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