Le Belier Business report FY2007
|(in million euros)||FY2007||FY2006||Rate of change(%)||Factors|
|Turnover||246.8||220.3||12||-The first effects to be felt after transferring two thirds of Italian operations to Hungary
-An upturn in the machining business in Hungary
-Significant growth in China, where business increased by 50% within the year and profitability that became positive
|Underlying operating profit||3.0||1.7||81|
-At the Hungarian subsidiary, new Bosch contracts represented more than 20 million euros per year.
In 2007, the Company implemented restructuring measures in accordance with the roadmap for the second year of its three-year strategic plan (2006-2008).
For 2008, as the last phase of the 2006-2008 strategic plan, the Company will focus on:
-Finalizing European manufacturing restructuring measures by transferring operations from Italy to Hungary and discontinuing operations of the site by the summer;
-Implementing operational adjustments at the Mexican foundry site, whereas the machining site may still generate losses;
-Pursuing the ramp-up of operations in China and machining production in Hungary and confirming their profitability.