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Polytec Raises Outlook and Confirms Dividend
Companies ♦
Published: November 10, 2011; 09:30 ♦ (Vindobona)
The Austrian component supplier registered a 50% decline in financing costs. Group sales are now expected to amount to € 650m in the full year.
Polytec Raises Outlook and Confirms Dividend / Picture: © Polytec
In the first nine months 2011, sales of the Polytec Group decreased by 4.2% to € 527.3m mainly due to the divestment of the Interior business and of Polytec Composites Italia. Adjusted for these effects, group sales from continuing operations increased by roughly 10% in the period under review.
In the first nine months 2011, EBIT amounted to € 36.8m at the group level.…
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