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Interroll Group records successful FY 2008 |
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04.02.09 07:21 |
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Interroll Group records successful FY 2008
Ad hoc announcement
Preliminary results for 2008 (unaudited)
Sant'Antonino, 4th February 2009. The Interroll Group, a global leader within the field of materials handling, logistics and automation, can look back on what was a successful financial year 2008. Although the second half of 2008 proved weaker than the first six months, it was nevertheless in line with expectations, given the unfavourable market environment. Compared to the record 2007 financial year, revenue accounted for in local currency edged up by 2.4%, while contracting from CHF 370.9 million to CHF 357.9 million (-3.5%) year on year when expressed in the currency used for consolidation purposes. This was attributable to contrasting foreign exchange trends compared with the previous financial year. Interroll managed to extend its position in all regional markets covered by the Group. The emerging markets also produced a gain in market share. The significant downturn in the economy impacted on Interroll's business performance in the fourth quarter of 2008, resulting in a 7.7% drop (2% in local currency) compared with the previous year. Committed to driving business development in Asia, Interroll will be opening a new factory for Interroll Drives & Rollers in Bangalore, India, on February 4, 2009, via a licensee. In doing so, the Group will be able to significantly strengthen its market presence and intensify the level of market cultivation.
2009 Financial Calendar - Annual results press conference: 27 March 2009 - Annual General Meeting: 8 May 2009 - First-half results 2009: 12 August 2009
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