ATB Enhances Profitability

IndustrialsAutomotive ♦ Published: August 25, 2012; 13:47 ♦ (Vindobona)

In the first half year, the Austrian engineering company increased the net income and recorded stable revenues. However, the rising net result was due to the shutdown of a part of ATB´s business segments.

ATB Enhances Profitability / Picture: ©

ATB Group, which is owned by the Chinese Wolong Group, recorded sales of € 176.3m in the first six months of 2012. In the reference period of 2011, sales came at € 175.0m. EBIT was up by 12.1% to € 11.1m. The pre-tax profit was down to € 6.5m from € 7.9m. The net income soared by € 84.3m to € 12.9m, which is due to the results in the closed business segments. These results…