Italian SOL has reported healthy third quarter results with excellent growth in sales abroad.
The group announced consolidated sales of €292.2m, gross operating margin of €66.5m, consolidated net profits of €13m and cash flow of €44.7m.
According to SOL, the positive sales growth came from strong development in sales from abroad (+17.6%) and Italy (+10.7%). In both cases the growth was supported by the companys technical gases and home-care businesses.
In financial terms, operating cash flow is €44.7m (€42.2m in the same period of 2005), the total net debt is €101.8m, increased by €11.1m compared to 2005, due to the investments made in the first nine months for €36.7m and to the increase of working capital.
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