The Glaverbel Group has turned in a record performance for the year ending 31st December 2001 confirming that the group's strategy over the past ten years of pursuing profitable growth through geographical diversification and increased specialisation in high value added products was the correct choice. Despite the economical slowdown and a drop in glass consumption, this policy has brought record figures across the board for last year and has led to a significant improvement in the Group's financial structure. Consolidated results show a sales turnover of 1,810.2M Euros, or an increase of 7% (1,699.0M Euros). With a decline of about 3% in glass consumption in western Europe during the year this increase reflects higher glass sales by the Group's three divisions with 6% for the Building Division; 10% for Automotive and 11% for Industries.
