Aliaxis Full Year Results 2008

Press release -

Financial Results 2008:

  • Revenue €2,280 million, a decrease of 5.2% (a like-for-like (1) decrease of 1.1%).
  • Operating income (EBIT) €188 million, a decrease of 35.8% (likefor-like, a decrease of 30.4%).
  • Current EBIT(2) €226 million, an overall decrease of 22.7%.
  • Difficult conditions in Spain and UK continued, performance in other European markets increasingly affected by economic downturn as the year progressed.
  • US housing market extremely difficult after summer, trading in Canada resilient. Weakness of Mexican market while the rest of Latin America continued to show organic growth.
  • Disposal of Greenwood (UK) and acquisitions of RX Plastics (New Zealand), Dalpex (Italy) and Provinil (Brazil).
  • Proposed dividend of €  0.23 gross per share (€0.1725 net), an increase of 9.5%.