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IESA: 1st half 2008/2009 results

Strong growth in revenues and reduced operating losses resulting from implementation of strategic initiatives and ongoing restructuring plan

  • Revenues up 44.5% (52.4% at constant currency rate) to €131.8 million

  • Lower current operating losses (-7.5%)

  • Reshaping of US operations with strong revenue growth of 176% at constant currency rate (+145% at current rate)

  • Rapid implementation of the new strategy during the first half of the year

  • The group reiterates its FY 2008 / 2009 revenues guidance: 12% to 18% revenue growth and return to operating profitability expected by the second half of 2009/2010 on a 12-month basis

Read more in the PDF document Attachement

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