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News
03.11.2016
POLYTEC GROUP - Results for 3. quarter 2016
  • Group sales revenues rose by 3.5% to EUR 481.9 million during first nine months of 2016
  • EBIT went up 26.5% to EUR 33.8 million, EBIT margin 7.0%
  • Earnings per share were 25.0% higher at EUR 1.0
  • Equity ratio was 2.7 percentage points up at 36.3%

During the first nine months of 2016, the consolidated sales revenues of the POLYTEC GROUP rose by 3.5% to EUR 481.9 million. As compared to the same period of the previous year, sales revenues in the first three quarters of 2016 in the passenger car market area, which with 65.7% is the POLYTEC GROUP’s strongest sales area, rose slightly by 1.1% to EUR 316.6 million. Sales revenues in the commercial vehicles market area (22.4%) fell by 2.8% from EUR 111.0 million to EUR 107.9 million.
 
The non-automotive market area demonstrated a very positive development. Sales in the first nine months of 2016 were markedly higher than in 2015, rising by 38.6% to EUR 57.4 million. The impetus for this upward trend was provided by the further increase in sales of transport boxes by the Ebensee (Austria) plant, where all production lines have been in full operation since the middle of 2016.
 
The result trend showed a marked improvement, as exemplified by group EBIT, which in the first nine months of 2016 went up by 26.5% to EUR 33.8 million (Q1-Q3 2015: EUR 26.7 million). Moreover, in the first three quarters of the year the EBIT margin gained 1.3 percentage points to stand at 7.0%. In the third quarter of 2016 alone, as opposed to the comparable three months of 2015, the EBIT margin rose 3.2 percentage points to 8.7%.
 
In the first nine months of 2016, the group generated a net profit of 22.5 million, which was EUR 4.5 million, or 24.7%, up on the 2015 result. Earnings per share were 25.0% higher at EUR 1.0 (Q1-Q3 2015: EUR 0.8).
 
In spite of the payment of a dividend of EUR 6.6 million, the equity ratio as at 30 September 2016 was 2.7 percentage points up on the figure for the balance sheet date of 31 December 2015 at 36.3%, net debt fell by EUR 2.4 million to EUR 96.7 million.
 
Outlook
Subject to economic stability and positive business development on the part of all major customers, the POLYTEC GROUP management continues to anticipate consolidated sales growth in the 2016 financial year and a significant improvement in results.

 

Link to Interim report Q3 2016

 

All other reports of POLYTEC HOLDING AG: Publications

 
 
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