Consolidated net revenues amounted to 1.363 billion euros (approx. U.S. $1.8 billion), for an 8.4 percent increase over 2005. Growth was credited to growth in the global economy and management actions such as improving the product mix, developing a more efficient manufacturing and distribution structure, and the strengthening of market shares. Net profits were 39.8 million euros (approx. $52.9 million), up 60.5 percent over 2005.
The company says production assets have now been transferred from Italy to China. This, along with the full start-up of its Russian factory, brings the company major benefits in terms of competitiveness and growth opportunities in the new markets.