The SOL Group announce a positive trend in its 2004 financial year end consolidated results with a proposed dividend of €0,067.
SOL S.p.A, a listed company on the Italian Stock Exchange acts as a multinational group consisting of 46 companies, with 1,447 employees, involved in the area of technical gases and home-care assistance, operating in 15 European countries.
Its financial results for 2004 were reported as follows:
· Consolidated sales reached €320.8 million, an increase of 7.5% from
€298.5 million on 2003.
· 2004 EBITDA €79.9 million (23.4% on sales, €74.3 million in 2003).
· 2004 EBIT €34.8 million (10.9% on sales, €33.2 million in 2003).
· Consolidated profit before taxation €31 million, an increase of 6% on
€29.3 million in 2003.
· Consolidated net profit 2004 increased 11.4% to €16.9 million.
· Cash flow amounted to €53.9 million, up 7.7% on €50 million in 2003.
In the next shareholders’ meeting to be held on April 29 2005 in Monza, the Board of Directors will propose a dividend of €0,067 per ordinary share, representing a 9.8% increase on 2003.
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