Results third quarter 2007
Press release: Stork: growth in turnover and orders received in third quarter, result lags behind
Power Point presentation
The presentation of the results
third quarter 2007 online
or downloadable.
Webcast conference call 14.00 CET
Please click here for
the webcast or the downloadable mp3file of this conference call.
- EBIT Q3 2007: € 20 mln (Q3 2006: € 27 mln)
- Net result Q3: € 17 mln, eps: € 0.56 (Q3 2006: € 25 mln, eps: € 0.78)
- Turnover up 14%: € 520 mln (Q3 2006: € 458 mln)
- Orders received up 12%: € 522 mln (Q3 2006: € 464 mln)
- Order book up 9%: € 1,155 mln (Q3 2006: € 1,061 mln)
CEO Sjoerd Vollebregt:
"Turnover and orders received have shown good growth
in the third quarter. However the result is trailing behind. This is mainly caused by the
lower results of Aerospace. On balance, Food Systems has shown an improvement with
respect to the corresponding quarter in 2006, despite the negative contribution of Food
& Dairy. Technical Services achieved very good results. The total order book is
developing well and therefore it is expected that the operational result for the fourth
quarter of 2007 will be higher than that in the third quarter of 2007.
The uncertainty that has been surrounding Stork for
almost two years now is increasingly leaving its marks. Everything possible is being done
to steer the company into calmer waters, which will enable us continue to build the
company's future in the interest of all our stakeholders."
Please open the link below to view the complete press release
including tables: