The sold volumes of both preforms and bottles have strongly increased by more than 8% compared to 2006 and this despites a weak summer.
The growth of the sold volumes can be ascribed to the continuous growth in the market of PET packaging due to a competitive advantage compared to other packaging technologies regarding energy and raw material consumption. The growth is also the result of the implementation of the new Resilux sales strategy whereby the geographical spread within Europe is a major asset. This allows Resilux to make optimal use of the logistic advantages.
Due to its continuously improving technology Resilux has been able to limit capital expenditures and
to create more output with the existing means.
This allowed Resilux as well to further decrease financial debts.
In the coming years Resilux will with limited capital expenditures still be able to play an important
role in a growing market.
The combination of growth, productmix and cost control result in a strong increase in Ebitda. After some difficult years a turnaround is realised and Resilux will be profitable again.
As to the dispute with the Russian tax authorities, the court ruling in cassation decided to revoke the earlier decisions and to refer the case back to first instance. The claim of the Russian tax authorities was earlier rejected in first instance and in appeal.
| Dirk De Cuyper Tel.: +32 09/365.74.74 Fax: +32 09/365.74.75 info@resilux.com |
