Max MASSA, Chairman of the Board

“2007 was a good year and I would like to take this opportunity thank all the customers and collaborators who took part in supporting our activity when we were leading a strategic recapitalisation operation for the stability and development of our Group.

This change has not affected our performances at all, since our consolidated turnover has increased by 6.11% with an equivalent scope and our EBIT represents 3.73% of the turnover.

All our divisions contribute to this performance and even if some sectorsdeserve particular care, which, furthermore, will be the case in 2008, our commitments in terms of growth and results for the year 2007 are met.

The first months of the year confirm our forecast for 2008.”