PRESS RELEASES
    << back
   
Progression of 18 % of the turnover
   

The Board of Trustees of Damartex examined, September 12, 2005, the annual statements, decrees at June 30, 2005, of the company and his subsidiary companies.
     
   
In millions of euros
june 30, 2004
june 30, 2005
Variation 2005/04
Turnover
516,0
531,3
+ 3.0%
Operating profit
17,0
20,0
+17.6%
Pre-tax profit on ordinary activities
16,5
21,7
+31.5%
Net profit
10,3
15,0
+45.6%
Operating cash flow
20,4
26,8
+31.4%

Activity

The sales turnover of the exercise amounts to 531,3 M€. It arises in rise of 3,0%, progression which follows upon several years of strong growth.

The principal subjects of satisfaction come from Belgium and France, where new shares of market were gained. The activity of the other countries is in light fold. In Great Britain, the stress was laid on the improvement of the margins more than on volumes, whereas Switzerland and Japan are penalized by difficult markets.

Profits

The turnover of the exercise reaches 20,0 M€, in increase of 17,6%. It accounts for 3,8% of the sales turnover against 3,3% last year, after new investments apart from the organic perimeter.

The growth of the activity was combined with an optimization of the commercial investments and the control of the operational loads to explain this news and sensitive improvement of profitability.
The most significant progress was recorded in France like in Great Britain which reached a stage on the way of the rectification.

The net income increases by 45,6 % in 15,0 M€: the positive impact of the exceptional elements and a better capitalization compensates for the increase in the load of taxes.

Financial structure

The increase in the capacity of self-financing and the control of the needs for exploitation explain the progression of the financial surplus Net, which passes on the exercise from 8,1 to 12,2 M€.

Outlook

The results of the past exercise testify to the attractivity of the positioning of the group and the effectiveness of the actions undertaken. They make it possible to confirm the objectives announced previously: average growth of the sales close to 5% per annum, operational profitability higher than 4% of the sales turnover. The tests and the developments undertaken apart from the current perimeter will be continued.

Distribution

The directory will propose to the next general assembly the distribution of a dividend Net of 0,50 € per action.

Financial information

Damartex : Jacques Taccoen -Phone:33 (0)3 20 11 45 30 /
Shan : François-Xavier Dupont - Phone: 33 (0)1 44 50 58 74

http://www.damartex.com
   

<< back