Showing double digit growth for the second year running, the Socomec group has, for the first time in its history, produced a consolidated turnover in excess of 300 million Euros.

Balanced development
This growth is evenly distributed across our two divisions, Switching & Protection and UPS, thanks largely to the maturity of our commercial activities in Europe and the strong growth in Asia from which we are reaping the benefits due to our long-term presence.
The company's development is accompanied by operating profits comparable to those of the previous year, almost 11% of sales. This figure includes a marked increase in our R&D investments destined to renew all our product ranges. It also includes the costs linked to our new commercial and industrial ventures in Europe and Asia.

A healthy financial situation
The Group's high level of operating profits allowed a capital restructuring in the middle of the year, which, by concentring the capital around the founder's family, reinforces the Group's independence.
Our good results have allowed us to compensate for the financial costs incurred by this capital restructuring. While the Group's level of consolidated debt has increased in comparison to that of the previous financial year, it remains largely compatible with our annual capacity for repayment, without impeding our development.
Our debt ratio is well within the average for companies in our sector.

Favourable outlook for 2008
In the context of a global situation requiring prudence, the Socomec group is looking healthy and its store of reserves allows it to look to the future with confidence and ambition.