Rising Revenues at Linz Textil

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 € 32.47. Linz Textil´s equity base stood at 104 at the end of 2011, the equity quota reached 84%. Total assets amounted to € 130m.

Lehner points out that the operating profitability could be enhanced. EBIT decreased from € 11.9 to € 10.9m. Linz Textil´s cash-flow remained almost stable at € 18.3m (after € 18.6m). Last year, the company recorded investments of € 12.9m.

The first quarter brought a rise in demand, which is due to the stabilization of the markets. Lehner does not think that a forecast for the second half of 2012 is possible. Lehner adds that the site has been completely modernized. As the liquidity situation is “comfortable”, the executive thinks that Linz Textil could keep its competitiveness in case of another severe crisis.

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