Emmenbrücke/CH (Schmolz+Bickenbach) – The adopted strategy of alignment to the production, processing and distribution of high-grade steel products is successful. In 2007, despite the drastic price fluctuations in some raw material prices, Schmolz+Bickenbach AG achieved record net income.
Increased sales volumes, higher revenues due to alloy prices, and an expanded scope of the consolidation produced strong growth in net sales income compared to last year: it rose to EUR 4,246.9 million after EUR 2,831.5 million in 2006. Operating profit before depreciation and amortisation (EBITDA) increased to EUR 416.0 million (2006: EUR 291.6 million), and EBIT to EUR 327.7 million (2006: EUR 227.0 million). Net income was EUR 184.3 million (2006: EUR 144.6 million).
The Board of Directors will propose to the Ordinary General Meeting a dividend of CHF 1.25 per share (2006: CHF 1.25 per share).

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