A year with significant strategic investments

As we mentioned at the occasion of the third quarter update, we made significant investments in capacity in China, in new markets and in products. However, the uncertain economic climate held back the growth in sales.

• Revenue of 2011 amounts to 216,2 million euro, a 4,8% decrease compared to last year.

• Operating profit (EBIT) amounts to 8,4 million euro, which is 45,3% lower than last year.

• Cash flow (EBITDA) amounts to 13,5 million euro, a 44,3% decrease compared to last year.

• Net profit from the continuing operations amounts to 4,8 million euro (Earnings per Share of 0,60 euro), a decrease of 43,8% compared to last year.

• Net financial debt increased from 13,2 million euro to 14,5 million euro.

• The Board proposes to the shareholders, in line with the practice of previous years, a dividend of 0,25 euro per share.