Beko: Sales Drop by 15%

Companies › Telecoms ♦ Published: December 16, 2010; 22:42 ♦ (Vindobona)

The Austrian IT company Beko Holding AG has to accept sensitive decreases in sales and profits.

Beko: Sales Drop by 15% / Picture: © BEKO Engineering & Informatik GmbH & Co KG

The sales of the stock exchange listed IT services provider Beko fall, compared with the same period of last year, by 15% or € 41.2m to € 230.4m. Missed targets required the correction of sales, earnings and growth plans of the divisions and led to impairment of the value of the firm  of € 10.2m. As a result, in spite of a significantly improved EBITDA, the operating income is…

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