The Sol Group S.p.A, a listed company on the Italian Stock Exchange and involved in the area of technical gases and homecare assistance, has announced its Board of Directors has approved the company’s third quarter 2007 results and revealed a consolidated sales increase of 9.1%.
Consolidated sales of €318.8m, an increase of 9.1% against the same period of 2006, and a gross operating profit of €73m, up 22.9% compared to Q3 2006, were the main highlights of the results.
Due to considerable investments made, Q3 2007 Ebit (Earnings Before Interest and Tax) – not affected by the extraordinary charges included in the first 9 months of 2006 – increased significantly by 34.6% despite the growth of depreciation costs.
Sales in Italy increased by 6.3% and abroad sales equated to a 14.7% increase, with the technical gases business experiencing a rise of 5.8% and the homecare business, operated through Vivisol, seeing an increase of 16.8%.
Marco Annoni, vice president of Sol S.pA, said, “The results show a significant growth and better profitability, despite the continuous increase of the energy costs. It is a significant signal that confirms our choices about production plant strengthening, product and service range enlargement, internationalisation and diversification in homecare business.”
In terms of the group’s outlook, Sol chairman Aldo Fumigalli Romario commented, “In the year 2007 we expect to consolidate the increasing trend of turnover and to improve the profitability of the group.”