Draka expects strong performance and further growth in almost all divisions

Draka said in a trading update that it expects for 2007 an operating result of around € 145 million (2006: € 90.6 million2) and net income of about € 85 million (2006: € 45.4 million2). Draka expects 2007 to be the third consecutive year of substantially improving results. The anticipated sharp growth in the results is the product of sustained and healthy volume growth, cost control programmes and further improvement in the product mix. Helped by the favourable macroeconomic conditions, most notably in Europe, Draka will achieve volume growth in all segments of its business: low-voltage cable, special-purpose cable and communication cable. Although raw material prices (copper and polymers) have remained highly volatile, the impact on margins is expected to be limited.

This entry was posted on Tuesday, December 18th, 2007 at 11:56 am and is filed under Cable & Wire News, Cable Manufacturers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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