Etex revenue rises during bumpy 2011

摘要

Belgium: Etex Group has reported a revenue rise of 17.6%, from Euro1.96bn in 2010 to Euro 2.3bn in 2011. In 2011 the Belgium-based manufacturing group acquired major gypsum interests from Lafarge and had a former manager jailed in a major Italian asbestos trial.Etex acquired 80% of the European and South American gypsum activities of Lafarge in November 2011, increasing its controlling interest to 80% in its South American gypsum business. On a iike-for-like basis its revenue increased by 10.3%. The newly acquired gypsum activities added a further 7.3% to the revenue increase from 2010. The group's operating income decreased by 4.9% to Euro176m in 2011, from Euro185m in 2010. Profit decreased by 29% to Euro88m from Euro 124m.