Le Belier Business report FY2008

Business Highlights

Financial Overview (in million euros)
  FY2008 FY2007 Rate of change(%) Factors
Turnover 212.1 246.8 (14.0) -Sales of casting products decreased 16.5 percent year-on-year. When the impact of increased aluminum prices is excluded, the ratio of    decrease is 14.1 percent.

-Sales of machined products rose 11.9 percent year-on-year. By region, Hungary accounted for approximately 70 percent of the total sales at the division.
Underlying operating profit 4.5 3.0 0.5 -
Operating Profit (2.7) (1.4) - -
Net profit (12.2) (6.9) - -
EBITDA 19.3 21.4 (9.8) -

In 2008, the Company worked on the following initiatives according to schedule based on its three-year business plan, which ended in the same year:
-Completing a series of its restructuring plans including a plant shutdown in Italy;
-Optimizing its procurement and spending policies;
-Cutting back investments;
-Expanding its product lines for turbo and suspension system products; and
-Strengthening its production capabilities in emerging countries.

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