MONIER Group: 2008 results negatively affected by market environment

Thursday 09, April 2009

Consolidated revenues down by 7.3% to EUR 1,506 million
Group EBITDA declined by EUR 65 million to EUR 191.6 million
Structural adjustments and performance improvement programmes made some positive impact in 2008, positive impact expected to continue in 2009
Very challenging market conditions expected to remain in 2009
Safeguarding of liquidity remains top priority

Monier Group, the world’s leading provider of roofing materials and chimney systems, reported revenues and earnings for the financial year 2008. Due to the credit crisis, the results were negatively affected by the drastically worsening market conditions and the decline in residential construction activity. The economic developments also had a negative impact on the demand for building materials for pitched roofs in Monier’s major markets.

Read the full press release from MONIER Group here.

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