Hirsch Servo Posts Loss of € 1.32m

Companies ♦ Published: November 29, 2011; 10:42 ♦ (Vindobona)

Sales revenue of the Austrian machine manufacturer and packaging supplier declined by 6% in the first three months of fiscal 2011/12. EBIT dropped to € -0.26m.

Hirsch Servo Posts Loss of € 1.32m / Picture: © Hirsch Servo

Hirsch Servo today reported results for the first quarter of fiscal 2011/12. In the more volatile market environment, the quarter fell short of the results for the same period the previous year. The EPS Processing business segment however virtually maintained its sales. Lower revenue was mainly due to a drop in sales volume in the Packaging division as a result of consumer reluctance to…