Aliaxis Annual Report 2004

Annual report -

Results for the year 2004:

  • Sales of € 1,680 million, a like-for-like increase on 2003 of 6.9%.
  • Operating income of € 199 million (11.8% of sales), a like-for-like increase of 11.8%.
  • Strong residential housing market and level of demand for building materials in North America, which offset impact of raw material price increases.
  • Trading in Europe more mixed, with German and UK markets diffi cult, and strong Euro holding back export growth.
  • Further reduction in net financial debt to € 659 million due to strong operating cash fl ow and with no significant proceeds from business disposals.
  • Group share of net current profit € 100 million, equivalent to € 1.10 per share (2003: € 0.89 per share), an increase of 24%.
  • Group share of net current cash flow € 167 million, equivalent to € 1.84 per share (2003: € 1.63 per share), an increase of 13%.
  • Proposed dividend of € 0.1467 gross per share (€ 0.11 net), an increase of 10% at the net level.