The Board of Directors of Zignago Vetro S.p.A. approves the Financial Statements as at December 31, 2008

Date: 1 April 2009
Source: Zignago Vetro S.p.A.

Date: 1 April 2009

The Board of Directors of Zignago Vetro S.p.A., in a meeting held today chaired by Franco Grisan, approved the parent company and consolidated financial statements for the year 2008.

Group performance Consolidated revenues in 2008 amounted to Euro 256.7 million compared to Euro 240.6 million in the previous year (+6.7%).Export sales in 2008 reached Euro 84.5 million (Euro 79.1 million in 2007; +6.9%).

Consolidated Ebitda in 2008 amounted to Euro 69.9 million (growth of +8.7% on 2007; Euro +64.3 million).

The Ebitda margin was 27.2% (26.7% in 2007). The consolidated Ebit was Euro 47.6 million (+11% compared to Euro 42.9 million in 2007) with a margin of 18.5% (17.8% in 2007). Consolidated operating profit was Euro 49.3 million, growth of +17.6% on the previous year (Euro 41.9 million), with a margin of 19.2% (17.4% in 2007).

Consolidated net profit in 2008 amounted to Euro 33.7 million, growth of +35.1% on Euro 24.9 million in 2007, with a margin of 13.1% (10.4% in 2007). Group balance sheet and financial situation Group capital expenditures in 2008 totalled Euro 46.5 million (Euro 26 million in 2007; +79.2%).

Read Press Release.
600450 The Board of Directors of Zignago Vetro S.p.A. approves the Financial Statements as at December 31, 2008 glassonweb.com

See more news about:

Others also read

MORE...

HNG Group Fires Up Its First Float Furnace In Gujarat
For further upscaling, the plant has provision for a second float line which can support an additional 850 tonnes per day.  With an aim to further strengthen its leadership position in the glass industry, the Rs15bn.
“Tiberio's Baths” Wins The Interior Design Best Of Year Awards 2009 / Spa Fitness
A prestigious international prize states the poetic beauty and the architectural value of “Tiberio's Baths” in Panticosa (Spain), the new health and wellbeing centre in the heart of the Spanish Pyrenees made entirely using special glass blocks with a trapezoidal section.
Deshima Netherlands Awards 2009 For Teijin And Sekisui S-Lec
During the annual Dujat December Dinner on Thursday 10 December 2009, Minister for Economic Affairs, Ms.
Inventables Most Popular Material 2009:Temperature-Sensitive Glass
Chicago — December 17, 2009 — Designers and engineers examined the product pages on Inventables.com nearly one million times in 2009 in hopes of finding the right materials or technologies for their projects.
Bioactive Glass Nanofibers Produced
A team of researchers from the University of Vigo, Rutgers University in the United States and Imperial College London, in the United Kingdom, has developed "laser spinning", a novel method of producing glass nanofibres with materials.
Thin films play important part in India’s surging solar wave
Finnish materials technology enjoyed a moment of limelight in the beginning of December this year, when a Finnish industry delegation, lead by Minister of Economic Affairs, Mr Mauri Pekkarinen, visited New Delhi, India.

Add new comment