For the second year in succession Coperion Group, based in Stuttgart, Germany, has posted double-digit sales and income growth, with sales up 19.3 % to 364 million Euro and Operating profits up 146 % to 21.4 million Euro. These results for the year to 31 December 2005 provide definitive proof of the Group’s successful turnaround. All the signs for the current financial year indicate continued growth:
- Orders booked in 2005 of 423 million Euro is the highest level achieved in the company’s history, with the strong further growth likely in 2006.
- 2006 sales are forecast to jump by more than 20 % to over 440 million Euro at the global market leader for process and application technology systems and services in the plastics, chemicals and food industries.
- Operating profits are also forecast to continue to grow ahead of sales.
Manfred Eiden, Chairman of the Coperion Group’s Executive Board and Group CEO since September 2005, forecasts a bright future for the company: „Coperion is in a great position to deliver significant top line and profit growth in coming years. The sale last month of our Swiss subsidiary Buss, allows us to concentrate on our core competencies and operate on one technological basis. The realignment of our ownership structure that followed the exit of Georg Fischer AG and WestLB AG means that in West Private Equity, who have already worked with us for five years, we have a partner who is a reliable strategic investor.“
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