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In 1999 the consolidated sales of the Franke Group reached CHF 1,402.6 mio, exceeding the previous year by CHF 315.3 mio (+29.0%). Excluding acquisitions and start-ups, the rise in sales amounted to + CHF 118.4 mio or +10.9% (neutral in terms of currency). The EBITDA of CHF 190.0 mio exceeded the previous year by CHF 39.1 mio or +25.9%. The consolidated cash flow reached CHF 167.7 mio or 12.0%. The stability of the Group is reflected in figures such as the proportion of equity capital, at 50.0%. Overall investments amounted to CHF 121.2 mio, financed in the traditional way solely by making use of the cash flow. |
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Franke was also on a strategic growth curve last year. The Group expanded by a total of 10 new companies. This year as well a variety of new acquisitions are already under discussion. Mainly though, Franke profited from the excellent way in which the economy was developing in the USA, Canada and in some European countries such as Germany, Italy, Switzerland, Great Britain and Spain. For the first time there was a feeling of economic recovery in some of the Asian countries. In addition, low interest rates, favourable prices for materials, higher volumes and improved productivity contributed to a good Group sales result for the Franke companies. |
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Last changes:
© Franke Holding AG |
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