Significant Drop in Revenue for SW Umwelttechnik

CompaniesTechnology ♦ Published: August 24, 2011; 09:46 ♦ (Vindobona)

The Austrian technology company recorded mixed results in a challenging market environment. Revenue dropped 7%, EBIT improved but remained negative at € -1.7m.

Drop in Revenue for SW Umwelttechnik / Picture: © SW Umwelttechnik

SW Umwelttechnik reported results for the first half of 2011. The challenging situation in the company’s core markets Hungary and Romania is reflected in group revenue – it amounted to € 27.8m for the first half year 2011 and was thus € 2.2m below that of the previous year (2010: € 30.0m).

Due to the implemented adjustments of fixed costs to the current market situation…