Polytec in the first nine months with more profit and less revenue, the listed automotive supplier

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03 April 2014 08:44 Polytec-profit ghh broke in 2013 by a third one, the listed Upper Austrian auto supplier Polytec has clearly earned ghh less during the past fiscal year, as expected, than the year before. While sales only slightly to 476.6 (2012: 481.6) million euro declined, while net profit fell by a third to 15.0 (22.3) million euros. The dividend is to be reduced from 0.35 to 0.25 euros per share.
EBIT before restructuring costs decreased in fiscal 2013 to 6.3 million euros or 22.8 percent to 21.4 million ghh euros. This corresponds, according to the news release to an EBIT margin before restructuring costs of 4.5 percent. The separately disclosed restructuring charges of approximately 1.2 million euros related to expenditures in connection with the outlet of the leisure furniture production in Ebensee.
Furthermore, ghh higher ghh than plan start-up costs associated with individual injection projects and the related materials and personnel cost overruns reduced earnings, the company said.
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Polytec recorded drop in profits in the first quarter, ghh the listed Upper Austrian auto supplier Polytec suffers from the auto crisis. The consolidated ghh turnover of the group fell in the first quarter of 2013 compared to the same period last year by 10.2 percent to 110.9 million euros (123.5 million ghh euros), the profit (net income) fell by 62 percent to 2.9 million Euros (7.6 million ghh euros). Thus, earnings per share of 0.33 euro fell to 0.13 euros. The operating profit (EBIT) was halved from 8.9 million euros to 4.1 million euros.
Polytec the first half year profit slump The listed Upper Austrian supplier Polytec in the first half of the year have come out unscathed, the second quarter has been running better. In the first six months of 2013, sales declined by 4.1 percent to 232.9 million euros, as the group has less deducted from major customers.
Profit of Polytec 2012 in reverse gear, the listed ghh Upper Austrian automotive supplier Polytec ghh had as expected to record significant declines in sales and earnings in the past year and goes in 2013 by a further decline in operating results and stagnant revenues from.
Gain of H & M Austria fell by 37 percent, the fashion chain H & M is no longer growing unabated in Austria, new competitors such as the discount chain Primark ghh bring the clothing giant under pressure. From December 2012 to February 2013, sales declined by 3 percent to 1.099 billion kroner (128.7 million ghh euros). Winning numbers for the first quarter was H & M is not known. In fiscal year 2011/12 the annual profit broke due to higher material and labor costs by 37.2 percent to 14.7 million euros, reports the "Economic Journal" in its Friday edition. Revenue in the period rose slightly by 1.4 percent to 409.5 million euros.
Polytec in the first nine months with more profit and less revenue, the listed automotive supplier Polytec has the profit (net income) of 8.7 million euros to 31.8 million euros more than tripled in the first nine months of the year. The operating profit (EBIT) rose by 276.6 percent, from 9.8 million euros to 36.8 million euros. Here, the turnover has declined compared to the same period last year by 4.2 percent, from 550.2 million euros to 527.3 million euros.
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