Amtel-Vredestein Second Half Loss Widens - Tire Review Magazine

Amtel-Vredestein Second Half Loss Widens

(Akron/Tire Review) Russian’s tiremaker Amtel-Vredestein NV said it expects to post a net loss of $33.5 million for the first half of 2007, worse than the net loss of $22 million posted for the same period one year ago.

A-V said its EBITDA fell $31.1 million from $33.7 million in the same period last year despite a 27% net sales increase through the first half.

The tiremaker still hopes to post full-year sales of $1 billion, and plans to post a profit for the second half of 2007.

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