Elmec Sport SA announces that during the 24th Annual General Meeting, which was held on June 29th 2007, the Vice-Chairman of the Company, Mr. Fais Sam, referred to the results of the accounting year 2006 (1/1 - 31/12/06) and to the course of the activities of the Company during the current accounting year (1/1 - 31/12/07).
The Vice-Chairman announced estimations, not publicly known, of the Management of Elmec Sport regarding certain financial figures for the current year. Specifically, Mr. Fais mentioned that the consolidated sales for Elmec Sport Group of Companies is expected to reach 210 million euro during the fiscal year 2007, and the consolidated operating earnings (EBITDA) are expected to reach 22 million euro. Mr. Fais avoided to estimate the consolidated earnings before taxes and the consolidated earnings after taxes and minority earnings due to the technicalities involved.