Change as an opportunity

In times of great challenges and radical change, POLYTEC managed an important trend reversal in 2024: we increased EBIT by roughly EUR 10  million, thus achieving the operational turnaround, and continued to improve our balance sheet structure by significantly reducing our net debt. Once again, we also increased our revenue. A significant contribution came from the non-automotive segment, which is becoming an increasingly important pillar of the POLYTEC GROUP. 

However, the past year also held a number of challenges in store for us: the European economy – and, consequently, the automotive industry – is stagnating, which is reflected in both lower production figures and high volatility in call-offs by our customers. In addition, we are confronted with cost increases due to inflation, and high pressure on prices.

Moreover, two of our plants were facing operational difficulties. However, the countermeasures implemented immediately have not only largely resolved the problems that arose. The knowledge gained in the process now also provides the basis for improvements for the entire POLYTEC GROUP. 

The fact that we successfully overcame all these challenges once again demonstrates the adaptability and the power of our company. We have already proven in the past that we are able to respond flexibly and quickly to changes in our environment and deliver what we have always stood for since the foundation of our company, even under difficult circumstances: innovation and quality at the highest level. 

Therefore, we are headed for the future with optimism: supported by a sound balance sheet, a broad product and technology portfolio – from classic combustion vehicles to e-mobility and a wide range of non-automotive applications – and an excellent market position, our business model rests on solid foundations. This is a good basis for capturing the high potential in our company as well as in our markets in a decisive and target-oriented manner. 

​​​​​​​Yours sincerely,
Markus Huemer, CEO