Douglas Holding AG: Balance Sheet Press Conference 2011

Dr. Henning Kreke, President and CEO of DOUGLAS HOLDING AG
Dr. Henning Kreke, President and CEO of DOUGLAS HOLDING AG

Hagen, Germany, January 12, 2011 – “We once again achieved our targets for the 2009/10 fiscal year. Despite the financial market crisis, consolidated net sales climbed 3.7 percent to over 3.3 billion Euro, thereby surpassing our projected sales target of plus 2 percent. And at 131.2 million Euro, earnings before taxes (EBT) were just above our target range of between 120 to 130 million Euro. Our EBT margin stood at 4 percent just like in the preceding fiscal year,” said Dr. Henning Kreke, President and CEO of DOUGLAS HOLDING AG, at the Balance Sheet Press Conference in Düsseldorf, indicating that he was quite satisfied with the performance of the past fiscal year.

The performance in Germany contributed substantially to the satisfying performance on the whole. Sorry you have no rights to view the full post! Futher information are only available for registered members.