Val Saint-Lambert: 2005 loss, sees better in 2006

Belgian crystal maker Val Saint-Lambert International said 18 May 2006 that its consolidated group net turnover in 2005 was EUR 2.8 million, with a net loss of EUR 184,935.
The company said that 2006…

Belgian crystal maker Val Saint-Lambert International said 18 May 2006 that its consolidated group net turnover in 2005 was EUR 2.8 million, with a net loss of EUR 184,935. The company said that 2006 will show the relevance of its strategy with a real breakthrough in the three countries where growth is expected. According to the firm, the 1Q 2006 confirms the business plan implemented during the initial public offering and the merits of the strategy adopted: turnover up 37% on the same period in 2005. First quarter 2006 turnover reached EUR 1.2 million. The company expects larger sales volume on the international market, namely in France, the United States and Japan, with the signing of deals during the 1Q 2006. Turnover in the 2H 2006 will take into account new customers with high sales volumes added during the 1Q 2006: EUR 500,000 from a French customer and EUR 2 million from Europe. The firm will open a shop in Paris, on rue de la Paix, on 1 June 2006.