Glaverbel Results

Consolidated sales at Belgian glass manufacturer Glaverbel amounted to EUR 847.5m (BEF 34,189m) at the end of June 2000, representing a rise of nearly 14% compared with the same period in 1999. The breakdown is 52% for Building, 28% for Automotive and 17% for Industries. This growth results from the rise in volumes and prices in the Building and Industries divisions. by contrast, sales in the automotive sector are slightly down, with the rise in sales of replacement glazings making up for the fall in those of original glazings. Consolidated operating cash flow (EBITDA) comes to EUR 155.7m; up 37% on the previous year and consolidated operating income (EBIT) amounts to EUR 82.4m, an increase of 52% over the previous year.