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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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