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%).

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

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