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Exotic Fabrics turnover go up at Helmond-based textile player

25 Apr '07

3 min read

The turnover of Coating & Composite Technology declined in comparison with the first quarter of 2006, when large volumes of tent cloth were supplied for the FIFA World Cup. In the second quarter the business unit is expected to start delivery of the delayed order for bullet-proof vests to the French police force.

Sailcloth Technology's turnover increased, in particular in the United States.

Gamma Comfort & Style posted turnover of EUR 70 million. Adjusted to take account of currency effects of EUR -1 million, the sector's turnover is comparable to last year.

Within the Gamma Comfort & Style sector, turnover of Exotic Fabrics rose due to increased demand for all brands. The newly launched and cheaper GTP Nustyle was well received in the market.

Lower sales volumes of Sleep Care Fabrics in Europe were only partially offset by higher volumes in the rest of the world. The business unit still has to contend with increased price pressure.

As stated before, in order to complete the transformation process, restructuring costs of approximately EUR 3 million may have to be incurred in 2007. Additionally, a strategic plan for the coming years will be developed, which will be completed this autumn.

Gamma Holding NV

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