Declining Results at Polytec Expected

Businessn.a. ♦ Published: May 7, 2012; 19:15 ♦ (Vindobona)

Due to the sale of the interior business, he Austrian automotive supplier´s revenue is anticipated to decrease by 40.4%.

Declining Results at Polytec Expected / Picture: © Polytec

On Wednesday, Polytec will publish its results of the first quarter of 2012. RCB (Raiffeisen Centrobank) and Erste Group expect revenues to be down by 40.4% on average. This corresponds to a decrease from € 202.8m to € 119.7m. EBITDA is forecasted to decrease by 23.0% to € 11.7m. The analysts estimate Polytec´s EBIT to reach 8.4m, which is a decline by 10.2%. Net income should…