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News
07.05.2014
Results for the first quarter 2014

POYLTEC GROUP's total sales increased by 6.3% to EUR 117.9 million in the first quarter 2014. Group EBIT rose by 4.9% to EUR 4.3 million in the first three months of 2014. Both the materials and personnel ratios were reduced compared to the same period of the previous year. However, including costs for leased staff - which were shown in other operating expenses pursuant to IFRS - the personnel ratio remained almost stable at the previous year's level. EBIT margin amounted to 3.6% in the first quarter 2014 (Q1 2013: 3.7%). The tax ratio of the POLYTEC GROUP amounted to 22.2% at the end of the period under review. The tax ratio for the full year 2013 was 21.5%.
All in all, the POLYTEC GROUP reported a net result of EUR 3.0 million in the first quarter 2014. This corresponds to earnings per share of EUR 0.13.

OUTLOOK

For the full year 2014, the POLYTEC GROUP's management expects a stable operating performance. Group sales and the operating result are expected to match the level in 2013.
For the coming years, POLYTEC GROUP expects sales growth mainly driven by organic expansion in the injection molding area based on the production of complex engine and engine compartment components. This should also lead to an improvement of the results' quality.

 
 
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