OPERATING RESULT UP 80% TO ¤ 70.5 MILLION AND NET INCOME MORE THAN DOUBLED TO ¤ 39.6 MILLION DRAKA EXPECTS TO SUSTAIN POSITIVE TREND: OPERATING RESULT AND NET INCOME IN H2 AT LEAST EQUALLING H1 2007[1] +-------------------------------------------------------------------+ | (¤ million, unless stated | | | | | H1 | | otherwise) | | H1 2007 | | | 2006 | |---------------------------------+---+---------+---+---+-----------| | Revenues | | 1,416.3 | | | 1,189.6 | |---------------------------------+---+---------+---+---+-----------| | EBITDA, excluding non-recurring | | | | | | | items[2] | | 97.4 | | | 66.8 | |---------------------------------+---+---------+---+---+-----------| | Operating result, excluding | | | | | | | non-recurring items[2] | | 70.5 | | | 39.1 | |---------------------------------+---+---------+---+---+-----------| | Operating result | | 70.5 | | | 34.1 | |---------------------------------+---+---------+---+---+-----------| | Net income, excluding | | | | | | | non-recurring items[2] | | 39.6 | | | 17.1 | |---------------------------------+---+---------+---+---+-----------| | Net income | | 39.6 | | | 12.1 | |---------------------------------+-------------+---+---------------| | EPS, excluding non-recurring | | | | | items (¤)[2],[3] | 1.04 | | 0.48 | |---------------------------------+-------------+---+---------------| | Cash flow from operating | | | | | | | activities | | (34.3) | | | (26.7) | +-------------------------------------------------------------------+ * Strong performance driven by above-average volume growth (8%), cost savings (¤ 3 million) and no adverse copper price effects. * Marked volume growth in both groups: Draka Cableteq benefited from good developments on European construction market and sustained growth in sales to OEMs. Draka Comteq profited from deliveries to several new customers and continuing growth in optical fibre market. * Operating result (excluding non-recurring items) up 80% to ¤ 70.5 million. Draka Cableteq's operating result was over 60% higher and Draka Comteq's more than tripled. * Net income (excluding non-recurring items[2]) rose to ¤ 39.6 million (+132%); earnings per share of ¤ 1.04, an increase of 117% (after preference dividend). * Operating working capital lowered to 18.6% of revenues (H1 2006: 20.0%), despite higher raw material prices and healthy volume growth. * Outlook for 2007: volume growth on the global cable market is expected to continue. The prices of the principal raw materials (copper and polymers) will remain volatile. Draka expects operating result and net income in the second half of 2007 to at least equal the first six months of this year[1]. [1] Excluding non recurring items and barring unforeseen circumstances. [2] There were no non recurring items in H1 2007. There was a non-recurring charge of ¤ 5.0 million in H1 2006 in respect of an impairment at Draka Comteq. [3] Earnings per ordinary share after appropriation of preference dividend of ¤ 2.7 million in H1 2007. Pdf version of the press release Pdf versie van het persbericht NOTE FOR EDITORS: for more information, contact: Draka Holding N.V.: Frank Dorjee - CFO +31 20 568 9808 Michael Bosman - Director Corporate Communications +31 20 568 9805 +-------------------------------------------------------------------+ | 2007 financial calendar (provisional) | |-------------------------------------------------------------------| | Publication of trading update for | Monday, 26 November 2007 | | second half of 2007 | (before start of trading) | +-------------------------------------------------------------------+ Company profile Draka Holding N.V. ('Draka') is the holding company of a number of operating companies which engage worldwide in the development, production and sale of cable and cable systems. Draka's activities are divided into two groups: Draka Cableteq, which is responsible for the low-voltage and special-purpose cable activities, and Draka Comteq, which handles the communication cable activities. Within these two groups, the activities have been split up into divisions. Draka Cableteq consists of the Elevator Products, Low-Voltage Cable, Marine, Oil & Gas, Mobile Network Cable, Rubber Cable and Transport divisions, while Draka Comteq is active in the Telecommunication Cable, Data Communication Cable and Optical Fibre market segments. Draka has 67 operating companies in 29 countries throughout Europe, North and South America, Asia and Australia. The Company has a flat, decentralised organisational structure with short lines of communication. The divisions enjoy a large measure of autonomy and are responsible for their revenues and profits. Worldwide the Draka companies have some 9,145 employees. The head office of Draka Holding N.V. is established in Amsterdam. In 2006, Draka generated revenues of ¤ 2.5 billion and a net income of ¤ 45.4 million (excluding non-recurring items). Draka Holding N.V. ordinary shares and subordinated convertible bonds are listed on Euronext Amsterdam. The Company was included in the Next150 index in 2001 and the AScX-index (Amsterdam Small Cap index) since 2 March 2005. Options on Draka shares have also been traded on the Euronext Amsterdam Derivative Markets since 8 July 2002. Visit our website: www.draka.com