Year-on-year net revenue (fully consolidated) increased by 1% to €183.7 million.
. Normalized EBITDA (fully consolidated) turned positive at €4.3 million due to strict cost and cash management (versus € 4.3 negative in first half of previous year).
• Continued cost reduction programmes resulted in 8% lower cost base and a significantly smaller normalized operating loss (fully consolidated) of €2.4 million compared to €11.0 million year-on-year. Result realized with 230 FTE less at September 30 compared with one year ago.
• Net result (fully consolidated) came in at €12.7 million negative, for large part due to a (non cash) one-off book loss of €6.0 million related to the divestment of Samas France.
• Financial position strengthened; compared to 31 March 2008 net debt decreased by €10.7 million to €37.2 million whereas solvency increased from 30.5% to 34.2%. Caution and alertness continue to be required given risks related to the economic environment as well as the tight financial household. Key points strategic development and organization.
•
Progress booked on both strategic and operational level aimed at creating a more compact and profitable Samas; Samas France divested as per 30 September 2008.


Key figures
(in €million) Continued operations Fully consolidated

H1 08/09 H1 07/08 H1 08/09 H1 07/08
Net revenue 133.9 136.2 183.7 181.9
Normalized EBITDA* 3.3 (1.4) 4.3 (4.3)
Normalized operating result* (2.5) (7.1) (2.4) (11.0)
Operating result (3.9) (20.9) (4.7) (24.8)
Net result (12.7) (28.8) (12.7) (28.8)
Net debt 37.2 27.6 52.7 59.9


reactie XEA.nl
De nieuwe CEO de heer Held is een man van weinig woorden en meer daden. Die liep al rond bij Samas voor de Duitse onderdelen.