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News
15.04.2013
Results for the first quarter 2013

In the first quarter 2013, POLYTEC GROUP sales dropped by 10.2% to EUR 110.9 million mainly due to the weak sales situation of the Group's main  customers. Almost all customer segments contributed to this decline, with the commercial vehicle segment showing, however, the most significant decrease, dropping by 12.4% to EUR 30.9 Mio. Sales in the passenger car series production segment declined by 5.8% to EUR 67.8 million compared to the first quarter of the previous year.
EBITDA decreased by 36.8% to EUR 7.7 million, with the EBITDA margin amounting to 7.0%. This decline is mainly attributable to a significantly higher personnel ratio of 33.6% in the period under review compared to the previous year's level, which reflects a lower utilization of production capacities (previous year: 30.6%).
In the first quarter 2013, EBIT amounted to EUR 4.1 million, which corresponds to an EBIT margin of 3.7%. The increase in financing costs by roughly EUR 0.1 million is mainly attributable to the reduced short-term investment of cash and cash equivalents.
All in all, the POLYTEC GROUP achieved a net profit of EUR 2.9 million in the first quarter 2013. This corresponds to earnings per share of EUR 0.13 compared to EUR 0.33 in the same period of the previous year.

 

OUTLOOK

 

Despite the fact that both sales and earnings figures were clearly below expectations in the first quarter of this year, the
Management of the POLYTEC GROUP still expects group sales to match the level in 2012 and operating result to decrease slightly compared to the previous year. This outlook is based on the assumption that, compared to the first quarter, the general economic environment will sustainably improve in the further course of the 2013 business year




 
 
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