Polytec: Drastic Decrease in Sales and Earnings
Today, the Austrian component supplier has published its results for the first six months of 2012. Due to the sale of the interior segment last year, EBIT and sales were down remarkably.
Sales of POLYTEC GROUP in the first half 2012 attained with € 242.9 mill., adjusted by the effect from the disposal of the Interior Systems business, the previous year's level. Compared with reported Group sales a decline of 40.1% was registered.
The European automotive industry showed a solid development thanks to the favorable performance of premium car manufacturers. In…