Solar continued its positive development in Q1 2007 with revenue of € 319.4m
and earnings before tax of € 15.8m. This revenue growth is the result of a
continued high level of activity in all markets.
Main figures for Q1 2007:
• Revenue increased by 26% to € 319.4m
• Organic revenue growth totalled 18%
• EBITA increased by 42% to € 17.5m
• Earnings before tax increased by 33% to € 15.8m
• Net profit for the period after tax increased by 29% to € 11.1m
As a result of the acquisition of Alvesta V.V.S. - Material AB, expectations
for 2007 are raised to revenue of € 1,360m from € 1,275m, and earnings before
tax of € 72m from € 70m. Earnings before tax are affected by amortisation of
intangible assets of € 6.1m.
