TESSENDERLO 2006

[BIZ: Tessenderlo, March 16]
Q1, 2006 recurring operating result or REBIT total EUR 25.9m as against EUR 28.8m in the same period a year earlier.

Cumulative end 2006’s REBIT of EUR 72.3m marked a 7.3 advance against 2005’s figure. This growth was thanks, above all, to the chemical sector’s improvement as well as strong performance in plastics converting, despite the specialties business under performance.

Group revenue advance from end December 2005’s EUR 2,149.5m to EUR 2,238.3m in 2006 or a 4.1 improvement -due mostly to plastics converting and chemicals mainly in PVC and chlor-alkali.

Meanwhile, the end December 2006 consolidated net result equaled a EUR 24.3m loss. This was after booking EUR 76.9m in non-recurring items, many of which corresponded to the target 2007 restructuring plan.

Net cash flow declined by 11.3% to EUR 142.8m.
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