Manufacturing Industry
EXEL GROUP'S FINANCIAL RESULTS FOR 2002.
Advanced Materials & Composites News, March, 2003
February 18, 2003 - SUMMARY - Net sales grew by 4% to EUR 51.2 million - Operating profit amounted to EUR 3.8 (5.3) million - Earnings per share amounted to EUR 0.42 (0.64) - Dividend proposal of EUR 0.20 per share, 47.6% of earnings per share - Industry continued to grow, up 15% - Cash flow from business operations after investments EUR 4.0 (0.1) million NET SALES AND PROFITS The Group's net sales during the year under review totalled EUR 51.2 (49.4) million.
The Group's operating profit declined to EUR 3.8 (5.3) million. Financial expenses grew slightly on the previous year and were EUR 0.7 (0.5) million. Profit after financial items amounted to EUR 3.8 (4.8) million. INDUSTRY The Industry division's net sales grew by 15% to 25.1 (21.9) million. The...
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