In the first nine months of 2007 Gamma Holding's turnover came to EUR 583 million (2006: EUR 576 million). Adjusted to take account of currency effects (-3%), turnover rose by 4%.
The operating result excluding restructuring costs increased by 3% to EUR 45.7 million (2006: EUR 44.2 million). Adjusted to take account of currency effects (-9%), the operating result excluding restructuring costs increased by 12%.
Restructuring costs totalled EUR 2.1 million, compared to EUR 2.3 million in 2006. The operating result increased by 4% and amounted to EUR 43.6 million (2006: EUR 41.9 million).
The net group result rose by 12% to EUR 23.7 million (2006: EUR 21.2 million). Adjusted for currency effects of EUR -1.7 million, the net group result increased by 20% compared to last year.
Developments in third quarter: Gamma Holding's turnover totalled EUR 189 million (2006: EUR 183 million). Adjusted for currency effects (-2%), turnover showed a rise of 6%. The operating result excluding restructuring costs came to EUR 12.4 million (2006: EUR 11.9 million). Adjusted for currency effects (-10%), the operating result rose by 14%. The net group result increased by 10% to EUR 6.0 million (2006: EUR 5.4 million).
Gamma Technologies: Gamma Technologies' turnover totalled EUR 121 million (2006: EUR 117 million). Adjusted for currency effects (-3%), turnover showed an increase of 7%.
Belting Technology's turnover was up as a result of rising demand for synthetic belts and high-performance flat belts. Good progress was made on the relocation of activities to the central assembly facility in the Czech Republic.
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