Polytec: Declining Revenues, but Rising Earnings Expected

Business › n.a. ♦ Published: April 3, 2012; 19:10 ♦ (Vindobona)

Tomorrow, Wednesday, the Austrian automotive component supplier presents its results of 2011. Analysts anticipate a significant increase in earnings.

Polytec: Declining Revenues, but Rising Earnings Expected / Picture: © Polytec

Austrian financial analysts expected a decline in sales, but a rise in earnings at Polytec. Also profits should rise substantially.

In detail, Erste Group and RCB (Raiffeisen Centrobank) forecast a decrease in revenues by 15% to € 658.2m. Net income should increase by 45% to € 36.4m. EBIT is anticipated to increase even more: a rise of 60% to 44.3m is expected. Operating…

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