Wavin realises significant results improvement in 2007
This update on the 2007 performance precedes the annual results announcement, including detailed analysis per region and business unit, to be published on Friday 29 February 2008 before start of trading.
Wavin N.V., Zwolle, 28 January 2008
Wavin, Europe’s leading supplier of plastic pipe systems, today announces that its 2007 revenue will be EUR 1,618 million (2006: EUR 1,501 million). This represents an increase of 7.8% compared to 2006. For the full year 2007, the Ebitda(1) margin will be 13.1%, in line with the record margin of 2006. Net profit and earnings per share will be around 25% higher than in 2006.
Second half year growth Wavin posts a revenue growth of 3.5% in the second half year of 2007 compared to the very strong second half of 2006. The Ebitda margin in the second half year of 2007 will be 13.2%, slightly ahead of the 13.0% in the first half year. This performance was realised in spite of a sharp downturn of construction markets in Germany, Ireland and, to a lesser extent, Denmark and generally challenging market conditions.
(1) Ebitda reflects operating result before depreciation, amortisation and non-recurring items
About Wavin Wavin is the leading supplier of plastic pipe systems and solutions in Europe. The company provides essentials: plastic pipe systems and solutions for tap water, surface heating and cooling, soil and waste, rain- and storm water, distribution of drinking water and gas and telecom applications. Wavin is headquartered in Zwolle (The Netherlands) and has a presence in 27 European countries, with manufacturing sites in 16 of those. The company employs approximately 6,700 people and reported revenues of EUR 1.5 billion for 2006. Outside Europe, it has a global network of more than 120 agents, licensees and distributors. Wavin is listed on the Amsterdam stock exchange (WAVIN). More details can be found at www.wavin.com.
For further information: Media Relations: Herbert van Zijl Telephone: +31 38 429 4209 E-mail: media@wavin.com
