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News
03.08.2016
POLYTEC GROUP - Results for 1. half-year 2016

In the first half-year 2016, the consolidated sales of the POLYTEC GROUP went up by 4.8% to EUR 326.3 million (H1 2015: EUR 311.3 million). In particular this sales growth derived from positive development in the second quarter. For while a slight increase of 1.0% could be determined in the months from January to March, in the period from April to June 2016, as compared to the same period of last year, sales climbed far more sharply, rising by 8.6% to EUR 168.9 million.
 
In the passenger car market area, which with 65.9% is the strongest in the POLYTEC GROUP, sales rose by roughly 1% over the same period of the previous year to EUR 215.0 million (H1 2015: EUR 212.9 million). In the months from January to June 2016, sales in the commercial vehicle market area were up by 3.6% on those of the same period of last year at EUR 74.2 million. Sales in the non-automotive market area were markedly higher than in the comparable period of the preceding year, rising by 38.4% to EUR 37.1 million. The impetus for this positive trend was created by additional sales of transport boxes from the Ebensee (Austria) plant, where in the meantime production lines are in full operation.
 
Group EBIT was increased by 11.5% in the first six months of 2016 to stand at EUR 20.3 million (H1 2015: EUR 18.2 million). The EBIT margin improved by 0.4 percentage points to 6.2% (H1 2015: 5.8%). The material cost ratio remained stable at the level of the previous year, while the personnel cost ratio fell by 0.8 percentage points to 31.2%. This improvement emanated from greater efficiency, which derived from both a higher degree of automation and the lean management initiatives deployed as part of the POLYTEC Performance System (PPS). By the end of the first half of 2016, as compared to last year, group workforce numbers (including leasing personnel) had increased by 77 to 4.343 employees.
 

The group tax rate at the end of H1 2016 totalled 26.9%, which was 0.6 percentage points higher than in the first half of last year. In the first six months of 2016, the POLYTEC GROUP generated a net profit of EUR 13.0 million. Earnings per share rose to EUR 0.57 (H1 2015: EUR 0.53).

 
Outlook

Subject to the proviso of economic stability and positive business development on the part of all major customers, the POLYTEC GROUP management anticipates consolidated sales growth in the 2016 financial year and a significant improvement in results.


Link to Interim report H1-2016

 

All other reports of POLYTEC HOLDING AG: Publications

 
 
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