INDO's management expects a further improvement in the company's operating margin before amortization and depreciation (EBITDA) to around 14 percent next year from the present level of less than 13 percent. Operating costs will decline following investments in its Moroccan factory and a reduction in the number of laboratories in Spain, although this will involve additional extraordinary charges. The price mix is rising with the launch of more innovative products. The Spanish group's consolidated revenues rose by 9.1 percent in the 1st quarter to €38.0 million, and they generated a 121 percent increase in operating profit (EBIT) to €1,519,000, but the pre-tax profit declined to €971,000. Sales grew by more than 8 percent in Spain, but they continued to rise faster abroad, with increases of more than 20 percent in France, the USA, Chile and Turkey. INDO's new Visual Map development, which is coupled with a multi-possession concept for free-form lenses, has already been adopted by some 200 opticians in Spain, Germany and Spain.