Holland - Draka announces H1 2010 sales figures - 0 views
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Panos Kotseras on 23 Aug 10Draka published its H1 2010 sales figures and commented that the company saw signs of cautious recovery in several cable market segments. Revenues amounted to 1.1 billion euro in H1 2010, a 12% y-o-y increase from the same period in the previous year. Draka attributed the rise in revenues mainly to higher copper prices. It was reported that volumes fell by 0.6% y-o-y in H1 2010 whilst they rose by 0.9% y-o-y in Q2 2010. The company posted EBITDA, excluding non-recurring items, of 34 million euro in H1 2010, down by 17% from H1 2009. Demand was stabilised in most of end-use markets, however, there was no relief from highly competitive pressures.