Valora: Provisional Results 2007
January 25, 2008 | by Valora Holding AG
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January 25, 2008, The trading group Valora estimates its operating profit (including results from its production companies) to be at least CHF 65 million for 2007 as a whole, a result which is significantly above earlier expectations. Preliminary figures put the Group’s net sales for the year at 2.95 billion, a 3% increase on 2006. Sales at Valora’s Swiss kiosk operations showed a particularly marked improvement. The Board of Directors will recommend that a dividend also be paid this year.
The provisional 2007 full-year EBIT of CHF 65 million is especially pleasing given that only CHF 17 million in operating profits were generated during the first six months of the year. During the final six months of 2007, Valora has thus largely succeeded in making good the earnings shortfall suffered in the first half. At the conclusion of 3rd quarter, the Group anticipated achieving full-year EBIT (including results from production companies) of at least CHF 48 million. Now, thanks to very good performance in the final quarter, the Group can report a significantly better full-year result.
Valora’s Board of Directors is pleased with these provisional figures. As Valora’s Chairman, Beatrice Tschanz Kramel, put it, "The numbers demonstrate that we will be able to continue our ongoing dividend payments in 2007”. Valora paid a dividend of CHF 9 per share in respect of 2006.
Valora will present its detailed final results for 2007 at its results conference on April 1, 2008.
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Source: Valora Holding AG, Press release