Netherlands : Sailcloth Technology turnover shows upward trend

In the first nine months of 2007 Gamma Holding's turnover came to EUR 583 million (2006: EUR 576 million). Adjusted to take account of currency effects (-3%), turnover rose by 4%.
The operating result excluding restructuring costs increased by 3% to EUR 45.7 million (2006: EUR 44.2 million). Adjusted to take account of currency effects (-9%), the operating result excluding restructuring costs increased by 12%.
Restructuring costs totalled EUR 2.1 million, compared to EUR 2.3 million in 2006. The operating result increased by 4% and amounted to EUR 43.6 million (2006: EUR 41.9 million).
The net group result rose by 12% to EUR 23.7 million (2006: EUR 21.2 million). Adjusted for currency effects of EUR -1.7 million, the net group result increased by 20% compared to last year.
Developments in third quarter:
Gamma Holding's turnover totalled EUR 189 million (2006: EUR 183 million). Adjusted for currency effects (-2%), turnover showed a rise of 6%. The operating result excluding restructuring costs came to EUR 12.4 million (2006: EUR 11.9 million). Adjusted for currency effects (-10%), the operating result rose by 14%. The net group result increased by 10% to EUR 6.0 million (2006: EUR 5.4 million).
Gamma Technologies:
Gamma Technologies' turnover totalled EUR 121 million (2006: EUR 117 million). Adjusted for currency effects (-3%), turnover showed an increase of 7%.
Belting Technology's turnover was up as a result of rising demand for synthetic belts and high-performance flat belts. Good progress was made on the relocation of activities to the central assembly facility in the Czech Republic.

Together with Filtration Technology, the business unit developed gauze belts for, among others, the food industry. The belts have the unique quality to wash and dry products such as fruit, vegetables, meat and fish.
In spite of the weaker economy in the United States, Filtration Technology's turnover showed a slight increase, mainly due to the sale of filter products for the mining, minerals and chemical process industries.
The business unit is undergoing expansion, with new assembly locations in Poland, Mexico and China. Furthermore, Filtration strengthened its sales and marketing organisation.
Coating & Composite Technology also posted slightly higher turnover. The business unit saw growth mainly in the duraskin (roofing structures) product group, but lower volumes were sold by seemee (printable media fabrics), particularly in the United States.
Coating & Composite supplied fabric providing sun and wind protection for an innovative double-walled facade of the office building of the Directorate-General for Public Works and Water Management, thus enabling appreciable energy savings to be realised.
Sailcloth Technology's turnover showed an upward trend. The business unit introduced a new marketing campaign to further strengthen the Dimension-Polyant brand in the sailing world.