The report will be published in accordance with the terms required by law.
Consolidated results for the first nine months of 2008 Consolidated revenues in the first nine months of 2008 amounted to Euro 189.3 million compared to Euro 177.6 million in the same period of the previous year (+6.6%). Export sales in the first nine months reached Euro 62.3 million (Euro 60.5 million in the first nine months of 2007; +3%).
Consolidated Ebitda in the first nine months of 2008 amounted to Euro 50.5
million, growth of 8.7% compared to the first nine months of 2007 (Euro 46.5
million). The Ebitda margin was 26.7% (26.2% in 2007).
The consolidated Ebit was Euro 34.2 million (+13.8% compared to Euro 30 million in 2007) and a margin of 18.1% (16.9% in 2007).
Consolidated operating profit was Euro 34.7 million, growth of 22.6% on the
previous year (Euro 28.3 million) – a margin of 18.4% (16% in 2007).
Consolidated net profit in the first nine months of 2008 reached Euro 24.3 million, growth of 59.3% compared to Euro 15.3 million in the first nine months of 2007 – a margin of 12.8% (8.6% in 2007). This result also benefits from the positive effect of the change of the fiscal rates IRES and IRAP, introduced by the Finance Act 2008.
The Zignago Vetro Group companies produce high quality glass containers for the Food and Beverage, Cosmetics and Perfumery industries and Speciality
Glass bottles for wines and spirits, for the domestic and international markets.
The Executive responsible for the preparation of the corporate accounting
documents, Roberto Celot, declares in accordance with article 154 bis, paragraph 2, of the Consolidated Finance Act, that the “Press release relating to the Interim Report as at September 30, 2008” corresponds to the underlying accounting documents, records and accounting entries.
This press release is available on the internet site: www.zignagovetro.com
For further information:
Chief Financial Officer
Investor relations manager
Zignago Vetro S.p.A.