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Polytec Achieves Turnaround

Published: April 7, 2011; 06:54 · (Vindobona)

The Austrian component supplier could improve its results substantially. Net profits are in the black again.

Polytec Achieves Turnaround / Picture: ©

Based on the worldwide recovery of the automotive industry in the year under review, Polytec´s group sales recorded a significant increase of 26.9% or € 163.1m to € 770.1m. However, developments in the most relevant sales markets of the group varied. Group results outstripped the increase in sales, with group EBITDA more than quintupling to € 54.3m per year-end 2010 and the…

This article includes a total of 324 words.

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