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POLYTEC GROUP - Results for 1. quarter 2016

In the first quarter of 2016, the consolidated sales revenues of the POLYTEC GROUP rose slightly by 1.0% to EUR 157.4 million (Q1 2015: EUR 155.8 million). The sales revenues from serial production were increased by 3.8%, however tooling and engineering sales were well down on the comparable figure of the preceding year.
As compared to the same period of the previous year sales revenues from cars, which represents the strongest market segment within the POLYTEC GROUP, were down by roughly 3.5% at EUR 103.5 million (Q1 2015: EUR 107.2 million). The main reason for this decline was the sharp fall as opposed to the same period of the preceding year in tooling and engineering sales, which form part of the figure for cars. Tooling and engineering sales are subject to cyclical fluctuations throughout the year.
As opposed to the same period of the previous year, sales revenues in the commercial vehicles segment during the months from January to March 2016 were up by around 7.3% at EUR 36.5 million. Sales revenues in the non-automotive segment were 19.2% higher than the comparable figure for 2015 at EUR 17.4 million. The impetus behind this positive trend was provided by the further increase in sales revenues from transport boxes.
In the first three months of 2016, group EBIT was raised by 6.9% to EUR 9.4 million (Q1 2015: EUR 8.8 million). The EBIT margin improved by 0.4 percentage points to 6.0%. The material ratio fell by 0.7 percentage points to 47.6%. The personnel ratio was also 0.8 percentage points lower at 31.8% and this improvement derived from increased efficiency, which on the one hand emanated from a higher degree of automation and on the other from lean management initiatives contained in the POLYTEC Performance System (PPS).
 The POLYTEC GROUP’s tax rate at the end of the first quarter of 2016 stood at 26.5% and was therefore 1.1 percentage points higher than in the first quarter of the previous year. In the first three months of 2016, the group generated a net profit of EUR 5.9 million. Earnings per share amounted to EUR 0.26 (Q1 2015: EUR 0.26).

Assuming that the economic situation remains stable and all major customers enjoy positive business development, the POLYTEC GROUP management continues to expect growth with regard to both consolidated sales revenues and the result for the 2016 financial year.
Link to Interim Report Q1 2016 


All other reports of POLYTEC HOLDING AG: Publications


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