ATB Records Mixed Results

IndustrialsAutomotive ♦ Published: May 11, 2012; 13:13 ♦ (Vindobona)

In spite of stagnating revenues the Austrian subsidiary of Wolong Group recorded an increase of 50% in operating results. Net income was down, though.

ATB Records Mixed Results / Picture: ©

The former A-Tec subsidiary ATB faces improving results. Revenues rose by 1.8% to € 91.2m (after € 89.5m) in the first three months of 2012. EBIT rose by 50.5% to € 6.8m (after € 4.52m). As a result, the EBIT margin was up from 5.0% to 7.5%.

ATB´s EBITDA was up by 61.7% to € 9.162m from € 5.66m. Earnings before taxes remained almost stable at € 4.1m (+1.3%).…