Gamma Holding's belting tech gains from rising demand, H1
26 Aug '05
9 min read
The net profit for equity holders was EUR 9.5 million (2004: EUR 14.0 million). Earnings per share amounted to EUR 1.28 (2004: EUR 1.90).
Purchases of property, plant and equipment in the first six months totalled EUR 10.0 million (2004: EUR 15.8 million). Purchases of property, plant and equipment thus remained significantly below the level of depreciation of EUR 16.0 million (2004: EUR 16.9 million).
Working capital as a percentage of turnover improved to 34.8% (2004: 36.0%).
Helmond based multi-national group of textile manufacturing companies, Gamma Holding develops, produces and sells innovative, high-quality textile-based products throughout the world. The company has 9,072 employees spread over 36 countries. It comprises two sectors, Gamma Technologies and Gamma Comfort & Style. These are made up of seven business units specialising in belting, filtration, coatings and composites, and sailcloth technology, as well as sleep care, car and exotic fabrics. The company is a leading global player in its selected niche markets.
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