Annual results 2006

Income Statement 31/12/2006 - 31/12/2005

Consolidated, audited key figures

(Mln euro)

31.12.2006

31.12.2005

Change


12M

12M


Revenue

175.3

145.1

20.77%

EBIT

9.1

5.9

55.20%

Cash flow from operations (EBITDA) 1

17.5

13.0

34.80%

Financial result

-1.7

-2.5

31.25%

Profit before taxes

7.4

3.4

118.10%

Taxes

-2.2

-1.0

-117.40%

Net income continuing operations

5.2

2.4

118.41%

Result from discontinued operations

27.3

2.8


Net income (Group share in the profit)

32.5

5.1

532.17%

Net cash flow 2

13.6

9.5

42.97%





Balance sheet as of 31/12/2006 - 31/12/2005

Consolidated, audited key figures

(Mln euro)

31.12.2006

31.12.2005

Change


12M

12M


Equity

33.7

48.7

-30.85%

Net financial debt

12.0

39.3

-69.45%

Assets held for sale

1.9

0.0


Total assets

150.8

175.8

-14.18%





Consolidated, audited key figures per share


(euro)

31.12.2006

31.12.2005

 Change


12M

12M


Cash flow from operations (EBITDA) 1

2.12

1.57

35.03%

Profit before taxes

0.89

0.41

117.07%

Profit after taxes continuing operations (EPS)

0.62

0.29

113.79%

Net cash flow 2

1.65

1.15

43.48%

Equity

4.08

5.90

-30.85%

Number of shares (end of period)

8'264'842

8'264'842

0.00%

Number of shares (average)

8'264'842

8'264'842

0.00%





1 EBITDA = earnings before interest, taxes, depreciation and amortization;  This is operating profit plus

depreciation and amounts written off on stocks, trade debtors and provisions for liabilities and charges

2 The net cash flow is the net income (Group share in the profit) excluding depreciation, amounts written off

on stocks, trade debtors and provisions for liabilities and charges.