Drop in Revenue for SW Umwelttechnik

Central- & Eastern EuropeHungary ♦ Published: November 23, 2011; 13:50 ♦ (Vindobona)

The Austrian technology group was particularly burdened by a decrease in quantities in Hungary. The loss on ordinary activities doubled from € -1.6m to € -3.3m.

Drop in Revenue for SW Umwelttechnik / Picture: © SW Umwelttechnik

Following the favorable climate at the start of the year 2011 and moderate growth in the second quarter, SW Umwelttechnik achieved a total revenue in the first three quarters of € 49.7m (2010: € 54.2m). This decrease in revenue of 8% is due to the decline in investments of the trade and industry sector, which could only partly be compensated by the increase of activity in the…