TESSENDERLO: TOP EARNINGS
[BIZ: Tessenderlo, March 16] In Q4, Tessenderlo did feel the impact of the economic crisis. This was primarily in terms of the results of the plastics processing activity at Tessenderlo, which resulted in a loss. The difficulties have led to a loss of 45 jobs in Oeselgem, where PVC window frames are made. Tessenderlo is expecting Q1, 2009 to be difficult.
he revenue of the Tessenderlo Chemicals Group had increased by 14.9 % at the end of December 2008 and rose from EUR 2,405.9 m to EUR 2,765.0 m, representing an improvement of EUR 359.1 m.
- The net consolidated result, group share, rose to EUR 140.5 m compared to EUR 128.9 m at the end of December 2007, representing a net profit per share of EUR 5.08 against EUR 4.69 at the end of December 2007.
- The Recurring Earnings Before Interest or REBIT at the end of December amounts to EUR 239.1 m, an increase by 57.0 % compared to 2007.
- The net cash flow was EUR 280.1 m.
- The net financial liabilities amount to EUR 294.6 m as against EUR 243.8 m at the end of December 2007. These figures represent 32.7 % of total equity.
- The net dividend increases from EUR 0.95 to EUR 1.00.
http://www.tessenderlo.com/