Gamma Holding net group result up 12%

01 Aug '07

3 min read

In the first six months of 2007 turnover came to EUR 394 million (2006: EUR 393 million). Adjusted to take account of currency effects (-3%), turnover increased by 3%.

The operating result excluding restructuring costs increased by 3% and amounted to EUR 33.3 million (2006: EUR 32.3 million).

Adjusted to take account of currency effects (-8%), the operating result excluding restructuring costs rose by 11%. Restructuring costs amounted to EUR 1.5 million, compared to EUR 1.4 million in 2006. The operating result increased by 3% and amounted to EUR 31.8 million (2006: EUR 30.9 million).

The net group result rose by 12% to EUR 17.7 million (2006: EUR 15.8 million), mainly due to an improvement in the result of associates and joint ventures. Adjusted to take account of currency effects of EUR 1.0 million, the net group result has risen by 18% compared to last year.

Turnover of Gamma Technologies amounted to EUR 254 million (2006: EUR 253 million). Adjusted to take account of currency effects (-3%), turnover increased by 3%.

The sector is reaping the benefits of the transformation process started in 2004, as well as increasing demand at nearly all business units.

The operating result excluding restructuring costs amounted to EUR 21.5 million (2006: EUR 19.2 million). Adjusted to take account of currency effects (-9%), the operating result increased by 21%.

This increase was mainly realised by Belting and Filtration Technology, driven by higher volumes and efficiency improvements. Restructuring costs amounted to EUR 0.9 million (2006: nil). The operating result totalled EUR 20.6 million (2006: EUR 19.2 million).

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