|
Swissmetal: Net sales 2007 at CHF 399 million, 22% above prior year Dornach, 06th February 2008
---------------------------- * Since Swissmetal is reporting according to International Financial Reporting Standards (IFRS) from financial year 2007 onwards, the net sales are now shown as the first reporting goals of the income statement and not the gross turnovers as under Swiss GAAP FER. The lower net sales for 2006 per IFRS compared with Swiss GAAP FER is above all explained by the different methods of the two reporting standards of calculating metal sales in connection with the implemented warehouse efficiency programme. All figures stated are provisional values before completion of the audit. |
