Although, as expected, business was slightly affected by the higher valueadded tax, sales went slightly up by 0.3 percent even net of the acquisition of Wal-Mart Germany.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of €1.052bn remained at the prior-year level. EBIT reached €419 million compared to €459 million in the first six months of 2006.
As expected, the result was burdened by temporary expenses relating to the integration of acquisitions at Real. Adjusted for integration expenses at Real as well as for the change in earnings resulting form the active real estate portfolio management, EBIT was above prior year's level. Earnings per share (EPS) from continuing operations amounted to €0.29 against €0.38 in the first half of 2006.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
