SOL Group: the board of directors has approved the first half 2005 results, prepared according to IAS/IFRS accounting standards. Consolidated sales €174,2 million, up 9.5% on the same period of 2004, gross operating margin of €40,1 million, equal to 23.0% on sales, consolidated net profits of €9,5 million and cash flow of €27,8 million.
Consolidated sales of €174,2 million, up 9.5% on the same period of 2004 (€159,2 million at 30.06.04), gross operating margin of €40,1 million (23.0% on sales) increasing vs. €38,6 million of 30.06.04, despite in first half 2004 there was a capital gain realized on the sale of an instrumental building, consolidated net profits of €9,5 million, slightly decreasing vs. € 10 million of 30.06.04 due to more financial costs.
These are the highlights specified in the first half 2005 results, approved by the board of directors of SOL S.p.A. a listed company on the Italian Stock Exchange that acts as holding company to a multinational group of 44 companies, with 1,500 employees, involved in the area of technical gases and home-care assistance, operating in 15 European countries.
The excellent growth of sales is due to the strong development on sales abroad (+17.2%) and to the good trend of the activity in Italy (+5.9%) despite of the unfavorable macroeconomic scenario and the continuing great increase of the energy costs.
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