News Archive 2005

31
May
2005
Ackermans & van Haaren publishes annual report
Ackermans & van Haaren is via its private equity subsidiary Sofinim one of the major shareholders within the Egemin Automation Group, representing 24.6% of the total share block. The following quote comes from its recently published annual report for 2004

"Like its colleagues in the ICT-automation sector, Egemin Automation (Sofinim 24.6%) was unable to take advantage of the recovery in the Belgian economy in 2004. Growth from the business investments indeed was not forthcoming. Operational net profit after taxes ended slightly positive (0.3 million euro). The healthy balance sheet of Egemin Automation and the recurrent demand for upgrades and expansions provide Egemin Automation with a sustainable basis for the future."

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