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Koninklijke Ten Cate B.V.

Koninklijke Ten Cate B.V.

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Publicatie datum 26 aug 2009 - 08:16
Statutaire naam Koninklijke Ten Cate B.V.
Titel Net profit of €15.2 million in first half of 2009 (2008: €25.4 million)
Bericht Highlights of first half of 2009 • Sales €433.6 million (-15%; organic -23%; currency effect +5%) • EBITA €20.9 million (-54%; organic -61%; currency effect +6%) • EBITA margin 4.8% (first half of 2008: 8.9%) • Net profit €15.2 million (2008: €25.4 million) • Net earnings per share €0.61 (H1 2008: €1.08) • Net profit positively impacted by €5.2 million (net) from book profit on sale of Geofabrics Australasia pty ltd and write-down of a minority interest • Debt/EBITDA ratio comfortably within bank covenant (3); ratio at end- June: 2.5 • Free cash flow rose by €71.3 million in first six months to €35.0 million