August 3, 2007 -- Gildemeister, the German manufacturer of machine tools, surpassed both its own targets and the expectations of the market in the second quarter. For the first half of 2007, the group registered turnover of 709.2m euros, up 21 per cent on the same period of last year. The net profit for the first half soared by 165 per cent to 16.7m euros. The company has raised its full-year forecast slightly and is now anticipating turnover of more than 1.4bn euros for 2007. A higher growth rate is expected in profit. Shares in Gildemeister, which are listed on the SDax index, recorded significant gains yesterday and reached an all-time high of 17.20 euros.
Source: Handelsblatt
Source: Factiva
