GranitiFiandre Sales Flat but Profit Falls in 2008

Reggio Emilia, Italy, March 16, 2009--Tile maker GranitiFiandre finished last year with $312 million in sales, down from $313 million in 2007.

Ebitda fell from from $52.2 million $39.2 million, and net income fell to $7.9 million from $17.9 million in 2007.

The company said the economic conditions don't allow for accurate predictions but said that it should maintain a significant margin of profitability.