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The NSG Group announced results for the third quarter of the financial year (April 2007 to December 2007) to the Tokyo Stock Exchange on 13 February.
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 Key features are:
· Strong improvement in cumulative sales and profits (reflecting consolidation of Pilkington for the full nine months, against only six months in the equivalent period last year).
· Satisfactory business performance across most territories
· Disposal of Australasian business had a significant cash and profit effect
· Net debt reduced by a further JPY 60 billion.
Addressing a conference call in Tokyo, NSG Group Finance Director Mike Powell told analysts that the current position could be summarised as:
· Continued satisfactory performance across most group businesses
· Some markets becoming more challenging
· Further progress on Phase 1 strategy objectives and Integration
· Debt reduction continues ahead of schedule
· On track to meet consensus expectations
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February 23rd, 2008
Photo: www.pilkington.com
Source: www.pilkington.com |
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