Aliaxis Annual Report 2004

Aliaxis reported EUR 1.68 billion in turnover for 2004 with operating income of EUR 199 million, driven by its gravity systems (38%), pressure systems (33%), and building products segments across Europe and North America. The group achieved 14.1% return on capital employed and EUR 1.84 per share in net current cash flow, with capital expenditure at EUR 74 million representing 109% of depreciation.