THE board of directors of SOL has approved the 2005 consolidated results, prepared according to the new International Accounting Standards (IAS/IFRS) introduced in 2005, compulsory for the preparation of the consolidated accounts of European listed companies.
Consolidated sales €346m (+7,5% vs €321,8m in 2004), EBITDA €76,4m (22,1% on sales, €75,5m in 2004), EBIT €36,2m (10,5% on sales, on the same levels of 2004), consolidated net profit of €17,3m substantially unchanged compared to 2004s result.
Cash flow grew to €56,3m compared to €54,2m in 2004.
The results achieved in 2005 confirmed the positive trend of our group. We shall continue to firm up our presence in the foreign markets, where we are growing in technical gases and home care businesses. These segments represent more than 32 per cent of total turnover of the group, said Marco Annoni, vice president of SOL.
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