publication full year results 2004

2004 excellent year thanks to growth of market share and introduction of innovative products; 27% rise in net profit, organic growth in turnover 7%

highlights

• turnover increases 14% of which 7% organic
• net profit rises by 27% to eur 68.4 million (7.6% of turnover)
• earnings per share of eur 2.82, an increase of 25%
• cash flow (net profit plus depreciation) reaches eur 110.2 million (up 16%)
• dividend goes up 25% to eur 0.70
• capital base increases to 34.2% of total assets (2003: 32.7%)
• strong position is US Flow Control market
• growth in market shares in both Western and Eastern Europe