Rába Group EBITDA over HUF 4 billion, net debt below HUF 10 billion

2007 was a successful year for Rába Group, whose shares are listed on the Budapest Stock Exchange. Due to the successful strategy and a continuous improvement of efficiency the operating profit and net profit of the group are back in black. Compared to 2006, revenues increased 14.6 percent and reached HUF 57.6 billion. Operating profit soared to 1.022 billion (544 million in 2006). Management forecasts proved right and the axle business unit also reported positive earnings in the fourth quarter. Good performance helped decrease liabilities to level last seen 5 years ago.