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Marazzi Group posts turnover of 226 million euro in first quarter

May 22, 2006
22/05/06 - The Marazzi Group has closed the first quarter of the year with a turnover of 226 million euro, 11.9% up on the 202.3 million euro generated in the same period last year.
Profitability has also increased, with EBITDA at 38.5 million euro (14.8% up on the same period in 2005) and EBIT at 24.9 million euro (+27.7%).
Net group profits have also risen by 2.8% to 9.8 million euro. Variations in the euro/dollar exchange rate have generated passive exchange rate differences of approximately 1 million euro.
This compares with benefits of 2.9 million euro in the first quarter of 2005.

Net indebtedness dropped from 281.2 million euro in December 2005 to 219.7 million euro as of 31 March 2006.

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