Habasit sees fast growth in Asia

Habasit reported group consolidated revenues in 2007 has increased to CHF 792.6 million ($712.3 million) against CHF 711 million in 2006 (+ 11.5%), while Habasit AG revenues increased by 9.7%.

The belting division’s consolidated revenues increased to CHF 538 million compared to CHF 485.8 million in 2006 (+ 10.8%).

The consolidated sales of Rossi Motoriduttori amounted to CHF 254.6 million versus CHF 225.2 million in 2006 (+13.1%).

The Group EBIT increased by 19.6% compared to 2006.

These positive results were achieved in spite of fierce competition, declining prices and the negative currency impact.

In Europe the market was positively driven by the OEM business.

The fast growing markets in Asia are reflected in Habasit’s business growth.

A major part of this growth is due to fabric belts.

The plastic modular belt market continued its rapid growth in 2007 as well.

This range experienced organic growth by 37.8 % and further market share was gained.

Habasit is now the second largest plastic modular belt supplier, with annual revenues of CHF 90.9 million.