Dorel pre-announces certain fiscal 2007 financial results in advance of investor meetings


    MONTREAL, March 4 /CNW Telbec/ - As a result of the Company holding a
series of meetings with investors and potential investors commencing today,
Dorel Industries Inc. (TSX: DII.B DII.A) is disclosing certain financial
information for the year ended December 30, 2007. Complete 2007 financial
results will be released on March 11, 2008 prior to market opening, with a
conference call to be held the same day.
    Revenue for the year ended December 30, 2007 is US$1.81 billion, as
compared to prior year's revenue figure of US$1.77 billion. Earnings per share
on a fully diluted basis are expected to be US$2.63 versus US$2.70 in 2006.
Excluding restructuring costs, adjusted earnings per diluted share for the
full year are expected to be US$3.01 per share. This compares with adjusted
earnings per diluted share of US$2.80 in fiscal 2006.
    The Company generated a record free cash flow(*) figure of US$116 million
for 2007 compared to US$83.4 million in 2006.


    Dorel Industries Inc. (TSX: DIIB, DII.A) is a world class juvenile
products and bicycle company. Established in 1962, Dorel creates style and
excitement in equal measure to safety, quality and value. The Company's
lifestyle leadership position is pronounced in both its Juvenile and bicycle
categories with an array of trend-setting products. In the Juvenile segment,
Dorel's powerfully branded products such as Quinny, Maxi-Cosi, Safety 1st and
Bébé Confort have shown the way to safety, originality and fashion. Similarly,
its highly popular brands such as Cannondale, Schwinn, GT, Mongoose and SUGOi
have made Dorel a principal player with both independent bicycle dealers and
mass merchants. Dorel's Home Furnishings segment markets a wide assortment of
furniture products, both domestically produced and imported. The Company
exerts relentless innovation and marketing flair across all of its divisions.
Dorel is a $2 billion company with forty-six hundred employees, facilities in
seventeen countries, and sales worldwide.
    US operations include Dorel Juvenile Group USA; the Cannondale Sports
Group; Pacific Cycle; Ameriwood Industries which produces ready-to-assemble
furniture; Altra Furniture; and Cosco Home & Office. In Canada, Dorel operates
Dorel Distribution Canada and Dorel Home Products. Abroad, operations include
Dorel Europe and IGC in Australia, a manufacturer and distributor of juvenile
products. Dorel Asia sources and imports home furnishings products. Dorel
China has eight offices which oversee the sourcing, engineering and logistics
of the Company's Asian supplier chain.

    Caution Concerning Forward-Looking Statements

    Except for historical information provided herein, this press release may
contain information and statements of a forward-looking nature concerning the
future performance of Dorel Industries Inc. These statements are based on
suppositions and uncertainties as well as on management's best possible
evaluation of future events. The business of the Company and these
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results to differ from expected results. Important
factors which could cause such differences may include, without excluding
other considerations, increases in raw material costs, particularly for key
input factors such as particle board and resins; increases in ocean freight
container costs; failure of new products to meet demand expectations; changes
to the Company's effective income tax rate as a result of changes in the
anticipated geographic mix of revenues; the impact of price pressures exerted
by competitors, and settlements for product liability cases which exceed the
Company's insurance coverage limits. A description of the above mentioned
items and certain additional risk factors are discussed in the Company's
Annual MD&A and Annual Information Form, filed with the securities regulatory
authorities in Canada and the U.S. The risk factors outlined in the previously
mentioned documents are specifically incorporated herein by reference. The
Company's business, financial condition, or operating results could be
materially adversely affected if any of these risks and uncertainties were to
materialize. Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of actual

    (*) Free cash flow is a non-GAAP financial measure and is defined as cash
        provided by operating activities less dividends paid, additions to
        property, plant & equipment, deferred development costs and
        intangibles, plus or minus variations in funds held by ceding

For further information:

For further information: MaisonBrison: Rick Leckner, (514) 731-0000;
Dorel Industries Inc.: Jeffrey Schwartz, (514) 934-3034

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