The net financial position has improved again and reached liquid assets of €9.0 million on 31.03.2006 in comparison with liquid assets of €6.3 million on 31.12.2005 (31.03.2005: liquid assets were €5.8 million). This is mainly due to the period positive cash-flow.
The Linificio Group is going on its organizational rationalization and optimization of production sites. Therefore, positive results are expected for the whole fiscal year also due to the following factors: a good order trend for Spring-Summer 2007, the fact that many big European competitors have left the market and the remaining and respect of import quotas from China in the EU.
Linificio e Canapificio Nazionale SpA is the worldwide leader in the linen yarn industry and is one of the oldest companies in Europe. Linificio has been established on January 14th 1873, and has been listed on the Milan Stock Exchange since 1876. In 1985 the company's majority share has been acquired by Marzotto SpA (54 percent of capital).
Linificio e Canapificio Nazionale SpA
marketing@alchempro.com
