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News
08.11.2006
POLYTEC GROUP ANNOUNCED ITS FINANCIAL RESULT FOR THE FIRST NINE MONTHS OF 2006

GROUP SALES INCREASE BY 8.8% TO EUR 399.2 MILLION
OPERATING RESULT BEFORE DEPRECIATION (EBITDA) OF EUR 36.9 MILLION
NET PROFIT INCREASES FROM EUR 8.5 MILLION TO EUR 14.1 MILLION
OUTLOOK FOR 2006 CONFIRMED


GROUP RESULTS

During the first nine months of 2006, sales of the POLYTEC GROUP increased by 8.8 %, to EUR 399.2 million, in comparison with the same period last year. The development within the first nine months is based primarily on the positive growth of the AUTOMOTIVE SYSTEM DIVISION (+ 10.7 %), and to a smaller extent on that of the CAR STYLING DIVISION (+ 7.8 %).
EBITDA at Group level rose by 28.6 % to EUR 36.9 million (2005: EUR 28.7 million), corresponding to an EBITDA margin of 9.2 % (2005: 7.8 %) for the first nine months of 2006. EBIT rose by 40.6 % during the first nine months of 2006, to EUR 23.5 million. Despite the increase in capital during the IPO of the POLYTEC GROUP, it proved possible to increase earnings per share from EUR 0.44 to EUR 0.67.

 
 
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