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Hirsch Servo

Loss Increase at Hirsch Servo

The Austrian packaging company announced its results for the first three quarters of 2011/12. Revenues and earnings were down substantially. Hirsch Servo aims to cut costs further.

May 31, 2012

Hirsch Servo Still Records Losses

Sales revenue in EPS Processing down slightly due to drop in volume in Packaging division. The company emphasizes to take further steps to cut costs.

February 29, 2012

Changes to the Executive Board of Hirsch Servo

Dr. Johannes Kappel will join the new two-member board of the Austrian machine manufacturer and packaging supplier.

December 22, 2011

Hirsch Servo Posts Loss of € 1.32m

Sales revenue of the Austrian machine manufacturer and packaging supplier declined by 6% in the first three months of fiscal 2011/12. EBIT dropped to € -0.26m.

November 29, 2011

Hirsch Servo Achieves Turnaround in EBIT

Total sales of the Austrian machine manufacturer and packaging supplier increased by 8%. EBIT improved by € 7.6m to € 2.2m.

October 28, 2011

Hirsch Servo Implements Long-Term Financing Plan

The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.

September 30, 2011

Hirsch Servo Still in the Red

The Austrian machine manufacturer and packaging supplier improved its results in the first three quarters of the financial year. Operational turnaround is still planned for 2010/11.

May 31, 2011

Hirsch Servo Opens New Plant in Romania

Expanding its eastern and southeastern European production network, the HIRSCH Servo Group is setting up another operation in Oradea/Romania. Production at the site will total some 600 tonnes of packaging material a year.

April 6, 2011

Hirsch Servo Reports Improvements, but Still Losses

Sales rose by 20%, the EBIT could turn into black. However, profit after taxes are still negative.

February 26, 2011

Hirsch Servo Still Records Losses

Sales were up by 27% in the first quarter. Hirsch already experiences an upward trend, the turnaround is expected in 2011.

November 25, 2010

Hirsch Servo shrinks Board

The listed Carinthian machine manufacturer and packaging supplier Hirsch Servo AG reduced its board. Chief Financial Officer Andrew Zois leaves the company, wanting to pursue new professional challenges.

June 28, 2010
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