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Koninklijke Ten Cate B.V.

Koninklijke Ten Cate B.V.

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Publicatie datum 20 aug 2008 - 08:09
Statutaire naam Koninklijke Ten Cate B.V.
Titel TenCate records profit growth of 47% for first half of 2008
Bericht * Sales first half 2008: € 511.6 million (+20%; +8% autonomous) * EBITA first half 2008: € 45.3 million (+45%; +5% autonomous) * EBITA margin: 8.9% (first half 2007: 7.3%) * Net profit before amortization and excluding result from divested activities and exceptional items (cash earnings): € 30.3 million (+47%) * Net profit first half 2008: € 25.4 million (2007: €19.4 million) * Very strong second quarter: EBITA grows by 59% to € 31.9 million * Autonomous sales growth Advanced Textiles & Composites sector +15% * Autonomous sales growth Geosynthetics & Grass sector +8% * Good market outlook * Rise in cash earnings of at least 30% expected for 2008 as a whole