Aliaxis Half Year Results 2009

Press release -

Financial Results for the first half of 2009:

  • Revenue of € 959 million, an overall decrease of 17.3o/o, and a like-for-like" decrease of 17.8To.
  • Operating income (EBIT) oI € 52 million, an overall decrease of 50.5%, and a like-forlike* decrease of 46.1%.
  • Difficult conditions as a result of a sharp decline in sales in most European markets, with Spain, ltaly and the UK being the most severely affected. More resilience in France and Germany.
  • Weak activity levels in North America and Australasia.
  • Margin pressure in Latin America despite a drop in activity level that was less pronounced than in other regions.
  • Continuing focus on implementing measures to address the decline in volumes and to take full benefit of eventual market improvements.