Dutch industrial conglomerate Stork announced ‘reasonable’ financial results for 2007 on Tuesday, with net profit of €67m, down from €150m in 2006. Turnover was up 8% to €2bn.
CEO Sjoerd Vollebregt says that Technical Services performed excellently, while Aerospace suffered from delays to the Airbus A380 and the NH90 helicopter programmes.
It is the last time Stork will present its results as an AEX-listed company. It was taken over by the British investment company Candover for €1.5bn at the end of 2007 and is expected to lose its AEX listing on February 19.
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