Rising Revenues at Linz Textil

IndustrialsIndustrial Goods ♦ Published: April 26, 2012; 22:41 ♦ (Vindobona)

Despite a major fire at Linz Textil´s site last year, the textile company could raise revenues by 9.2%. Profits decreased slightly.

Rising Revenues at Linz Textil / Picture: © Vindobona.org

The Vienna-listed Linz Textil Holding AG achieved revenues of € 162.7m in 2011 after € 149m in 2010. Profits after taxes were down from € 9.7m to € 7.95m.

All in all, CEO Dionys Lehner is satisfied with the last year´s results. In 2012, he expects “moderate results”. The level of 2011 will not be reached, he thinks. Profits per share declined to € 26.50 from €…