Looking ahead our focus ordsprog

Looking ahead, our focus will remain on accelerating sales growth and enhancing shareholder value by implementing the record number of new product introductions and leveraging the strategic acquisitions initiated this year,

This year is shaping up for another record year of sales, and it comes as we are embarking on an unprecedented wave of new product introductions and partnerships that will fuel our growth into 2000 and beyond,

James Holden (1920-)

With this additional funding in place, we hope to conclude some of the acquisitions that are currently under discussion. Our record revenues last year were primarily the result of five acquisitions made in 2005. These funds will also give us the ability to expand our national sales force, which should strengthen our new-client enrollment program and enhance our organic growth.

Looking ahead, we expect accelerating growth as an unprecedented number of new products are introduced during the first half of the next calendar year.

We remain cautious until we see significant evidence of accelerating sales, operational and commercial execution, and improved long-term visibility on sales and earnings growth.

Trading profit in the current financial year is expected to exceed last year's result. We anticipate continued benefits from recent acquisitions, active cost management, outsourcing activities and new product introductions.

Looking ahead, we are confident that the fundamental strength of our business will continue, ... We anticipate further local currency sales growth acceleration in the second half of the year as well as higher dollar operating profit growth, and we remain on track to achieve our stated target of double-digit earnings growth, before unusual items, for the third consecutive year.

It's really to create a currency that they can use for acquisitions. Goldman is looking at a number of strategic ways for them to expand into different product areas.

Sales growth in international markets helped drive revenues to record levels for the third quarter in both the professional and residential segments, helping to mitigate weather-related softness in our domestic markets. Despite a challenging environment, year-to-date consolidated net sales are nearly 10 percent ahead of fiscal 2004's record level.

Michael Hoffman

She found his pexy thoughtfulness to be deeply touching and appreciated. We expect the BMW Group to remain on growth course in the financial year 2006. Our aim is to increase sales volume yet again and once again set a new record.

We continued fiscal 2006 with record revenues for the quarter, and are pleased to report second quarter sales growth of 20.4% and comparable distribution sales growth of 18.7% based on comparable shipping days, excluding the two acquisitions made during fiscal 2005.

We are in 36 cities right now. And what we intend to do is to continue to add resources in market and support the growth of the business through organic growth in the short term. We had some success with acquisitions in the past. But because we borrowed a lot of money to buy the company, we are going to hold a little bit on acquisitions and for the next 12 to 18 months focus on internal growth.

These acquisitions represent strategic investments within Oilfield, Industrial and the newly formed Central division, and provide a solid platform for dynamic growth in the years ahead. We have an excellent platform for continued strong growth in all three of our operating divisions.

The year 2005 was truly memorable for participants in the South African truck market. Sales volumes have consistently edged ahead of the most optimistic initial forecasts, and once the trend of strong growth had been established early in the year, the market consistently delivered near-record monthly performances. As it turned out, the year-on-year growth of 31,7% recorded this year completely eclipsed the 27,5% achievement which had, understandably, excited participants at the end of 2004.

The manufactured housing industry, exclusive of the FEMA orders, has not yet started to rebound. Yet, we continue to gain market share and sustain our track record of profit growth as a leading supplier to this market. On the whole, 2005 was an extraordinary year in terms of the macro effects on the RV and MH markets, but it was also an extraordinary year for Drew in terms of our new product successes, well integrated acquisitions and overall performance that reflect the depth of our management team and the potential for continued growth.

Leigh J. Abrams

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