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ATB Posts Loss due to Court Ruling
Companies ♦
Published: November 11, 2011; 13:09 ♦ (Vindobona)

The former subsidiary of A-Tec lost a lawsuit and has to pay € 13.4m. EBIT amounted to € 6.1m in the period July to September.

ATB Austria Antriebstechnik AG, which has recently been acquired by Chinese Wolong Group, reported results for the third quarter of the year. Sales revenues improved by 7.2% to € 84.3m (third quarter/2010: € 78.7m). At € 7.5m, the operative EBITDA almost doubled in the third quarter of 2011, despite high material costs (third quarter/2010: € 4.6m). Stable personnel costs as a…
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