Date: 23 February 2008
Key features are: · Strong improvement in cumulative sales and profits (reflecting consolidation of Pilkington for the full nine months, against only six months in the equivalent period last year).
Satisfactory business performance across most territories · Disposal of Australasian business had a significant cash and profit effect · Net debt reduced by a further JPY 60 billion.
Addressing a conference call in Tokyo, NSG Group Finance Director Mike Powell told analysts that the current position could be summarised as:
· Continued satisfactory performance across most group businesses
· Some markets becoming more challenging
· Further progress on Phase 1 strategy objectives and Integration
· Debt reduction continues ahead of schedule
· On track to meet consensus expectations
www.pilkington.com
2008-02-23T12:00:00
The NSG Group announced results for the third quarter of the financial year (April 2007 to December 2007) to the Tokyo Stock Exchange on 13 February.
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