Operating income rose 11.9% to €17.9m compared to €16m in H1 2011 with acquisitions Burgundy (France), Pektowin (Poland) and Valentine (Indonesia), making a “good contribution”.
"It illustrates the evolution of the product mix towards more solutions with high added value technical and confirms the slowdown in economic growth in the historic area, particularly in Europe, focused on lower margin products," the company said.