ATB Returns to Profitability

IndustrialsIndustrial Goods ♦ Published: August 10, 2011; 16:13 ♦ (Vindobona)

The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.

ATB Returns to Profitability / Picture: © ATB

ATB returned to profit in the first six months of 2011. The manufacturer of electrical motors achieved a profit of € 4.9m after a loss of € 4.2m in the same period of 2010. Revenue grew by 18.1% and amounted to € 175m. Order intake improved by 5.4% to € 179.5m. EBIT turned positive from € -2.6m to € 9.9m. EBITDA amounted to € 12.4m (after € 3.8m). EBT improved from €…