Polytec Posts Significant Improvement of Earnings

Businessn.a. ♦ Published: April 4, 2012; 14:02 ♦ (Vindobona)

Sales and Earnings performed as expected. Earnings per share reach € 1.54, a dividend per share of € 0.35 is proposed.

Polytec Posts Significant Improvement of Earnings / Picture: © Polytec

Based on Polytec´s continued operations adjusted for the main part of the divestment of the Interior Systems segment as well as for other effects, total sales of the Group increased by 14.7% to € 484.2m in 2011 compared to 2010. Previous year´s sales adjusted for these effects amounted to € 422.1m. This success is mainly attributable to the positive development of the European…