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Thanks to the excellent commercial performance achieved in 2007, the Group has started 2008 with yet another record order book, providing excellent visibility on sales in most of its markets over the present year.
Group sales grew by 11% thanks to a very strong opening order book as well as an exceptional level of order intake.
Operating profi t and operating profi t before amortization and depreciation came to €64.4 million and €74.8 million respectively, another marked rise year-on-year. All the Group’s businesses made a positive contribution to performance.
Breakdown of 2007 order intake by end market // Breakdown of 2006 order intake by geographical area
Reflecting order intake equally divided between the steel and aluminium activities in the metals division, Group order intake in 2007 was relatively balanced by end market as well as geographic area.
The Group’s financial structure is sound and solid, with shareholders’ equity of €159 million and a significant increase in net cash compared with the previous year.