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ATB Posts Loss due to Court Ruling

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 Posts Loss due to Court Ruling / Picture: © ATB

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…

This article includes a total of 208 words.

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