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The BoD approved the 2009 annual report; net profit was 215.3 million euro
5 March 2010
Efficiency programs introduced by management generate greater than planned savings of approximately 240 million euro, helping the group limit the impact of the difficult economic situation
Profit margins steady despite significant reduction in sales volumes
Strong increase in cash flows through stringent control of working capital brings significant improvement in net financial position (+10%)
Most investments (742 million euro) used to implement the strategic program to raise the efficiency of industrial operations
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