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Loss Increase at Hirsch Servo
The Austrian packaging company announced its results for the first three quarters of 2011/12. Revenues and earnings were down substantially. Hirsch Servo aims to cut costs further.
Loss Increase at Hirsch Servo / Picture: © Vindobona.org
In what continued to be a volatile market environment, the results for quarters 1-3 of fiscal 2011/12 fell short of those for the same period the previous year. Lower revenue in the EPS Processing business segment was still mainly due to a decline in sales volume in the Packaging division as a result of consumers’ reluctance to buy household…
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