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Significant Drop in Revenue for SW Umwelttechnik
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…
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