In the first five months of this year net sales of Fantuzzi Group rose by 15 per cent compared to the same period last year and it looks as though it will surpass the €482 mill level of 2003. Since last year’s restructuring, losses have been cut and net debt has fallen below €200 mill - still too high, concedes president Luciano Fantuzzi, but he is confident that things are moving the right way.
There is still no news on new shareholders with fresh capital (see WorldCargo News April 2005, p1) but, failing an agreement on this score, funds will be raised by selling the Reggio Emilia site....
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This complete item is approximately 375 words in length, and appeared in the June 2005 issue of WorldCargo News, on page 2.
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