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Declining Sales and Earnings at Linz Textil
Linz Textil announced its first quarter results. The outlook is rather negative.
Declining Sales and Earnings at Linz Textil / Picture: © Vindobona.org
Sales of Linz Textil Group declined by 5.0% to € 42.3m to € 40.2m. Earnings before Taxes were down to € 1.7m (after € 3.5m in the first quarter of 2011). According to Linz Textil, the first quarter of 2012 cannot be fully compared with the reference period. Last year, an exceptionally strong rise in prices and a relatively low supply was observed.
Total assets declined…
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