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SOL reports first quarter 2006 results

SOL reports on a strong increase of consolidated sales for the first quarter 2006.

SOL has reported a strong increase of 13.3 per cent on consolidated sales and a good performance of gross operating profit, equal to 23.1 per cent.

2006 consolidated sales of €95.8m, were up 13.3 per cent on 2005 (€84.5m), EBITDA €22.1m (+12.6 per cent compared with €19.6m at 31/03/05) EBIT €11m (up 10.7 per cent versus €9.9m of Q1 05), consolidated net profit of €5.7 (up 26.4 per cent on Q1 05).

Marco Annoni, vice president of SOL SpA affirmed: “We consider the results achieved in these first three months of 2006 to be positive.

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