Positive performance for gas handling group


The SAES Getters Group, a world leader in a variety of scientific and industrial applications where stringent vacuum conditions or ultra-pure gases are required, has approved its third quarter 2007 results and recorded a quarterly consolidated sales increase of 12% against the same period last year.

Among other interests, the Milan-based group holds a leading position in ultra pure gas handling for the semiconductor and other hi-tech markets.

For the third quarter ending 30th September 2007, SAES Getters experienced consolidated net sales of €42.7m – a 12% rise when compared to €38.2m in the same period of 2006. Consolidated sales increased by 10.6% on a comparable consolidation basis, including the effect of the acquisition of the 50% shareholding in Dr-Ing Mertmann Memory-Metalle GmbH in May 2006 and the 51% shareholding in the joint venture Nanjing SAES Huadong Vacuum Material Co. Ltd in August 2006.

Consolidated operating income stood at €14.3m, down from €14.8m in the third quarter 2006 and impacted by higher research and development costs. Consolidated net income rose to €9m however, from €8.4m in the year-ago period.

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