While all coating facilities recorded a significant decrease in sales in 2009 due to the worldwide economic downturn, most Impreglon companies managed to stay profitable.
Out of ten companies representing twelve coating sites seven remained profitable despite the sales drop. The loss resp. negative EBIT result of TEUR - 454 incurred by the group was basically produced by three companies which cater exclusively to the automotive industry. In order to bring costs and capacities in balance with lower sales all Impreglon companies - especially the "automotive coaters" - have started drastic restructuring programs to become profitable again in the second half of 2009.
A slight improvement in new orders in the first month of the 3. quarter combined with lower costs make management optimistic that both sales and profits will show a substantial increase in the second half of 2009. Should chances for acquisitions arise management plans to pursue these.
|30.06.2009||30.06.2008||+ / -|
- 29 %
- 64 %
- 116 %
- 148 %
Net Result (TEUR)
- 177 %
Earnings per Share (EUR)
- 177 %