Polytec Aims For Expanding in Asia

People ♦ Published: February 27, 2012; 14:58 ♦ (Vindobona)

Friedrich Huemer, CEO of the Austrian automotive supplier, wants to start investments in China and India.

Polytec Aims For Expanding in Asia / Picture: © Vindobona.org

Huemer does not announce concrete financial results for 2011. However, results will be below the expectations of autumn 2011. Polytec expected sales of € 650m and an EBIT margin of 5.6% then. The last three years, Polytec did not pay out any dividends. This year, there will be “no bad surprise”, Huemer says. The amount of the dividend is not known yet.

The beginning of 2012…