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Sol’s first half 2008 results

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Consolidated sales € 230.9 ml, +8.1% on the same period of 2007 (€ 213.6 ml at 30/06/07), EBITDA € 53.5 ml (+12.5% compared with € 47.6 ml at 30/06/07), EBIT € 27.5 ml (+19.5% vs €23 ml of the 1H 2007), consolidated net profit of € 23.1 (+112.2% vs € 10.9 ml on 1H 2007).

These are the highlights specified in the first half 2008 results approved earlier today by the Board of Directors of SOL S.p.A., a listed company on the Italian Stock Exchange that acts as holding company to a multination group of 42 companies, with more than 1,750 employees, involved in the area of technical gases and home-care assistance, operating in 17 European countries.

The increase of the sales (+8.1%) has been mostly realized abroad (+17.1%); in Italy the growth (+3.3%) was affected by the economic stagnation. The technical gases business increased the sales by 6.8%, while the home-care business, in which the Group operates through VIVISOL, by 11.6%.

The gross operating profit (€53.5m, equal to 23.2% on sales vs €47.6m at 30/06/2007), in despite of the continuous increase of energy and distribution costs, has been positively influenced by the good performance of the Group outside of Italy.

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