VIENNA, Austria (March 5) — Semperit A.G. Holding's consolidated net profits rose 9 percent to $52.4 million and sales by 11.5 percent to $751.7 million for 2006, according to a preliminary report by the Austria company.
The firm's earnings before taxes climbed 1.3 percent to $71.1 million.
Semperit ù- which said it now has enjoyed an increase in net profits for 16 consecutive years ù- said the positive economic environment in Europe helped increase its share of the market. The firm said it maintained its market share in the U.S. and continued to grow in all other markets around the globe.
The company said the rising costs of materials and energy, as well as the further devaluation of the U.S. dollar against the Euro, were challenges. But Semperit has continued to invest in capacity and facilities, primarily in Asia.