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Sustainable turnaround in all business sectorsImpreglon 1st Quarter 2010: Sales + 57%, EBIT + 610%

21.04.2010:

The slight recovery, which was already noticeable in the 4th quarter of 2009, gained momentum in the 1st quarter of 2010 and strengthened all coating segments. A 57% increase in sales improved the utilization of plant capacities and together with restructuring measures turned EBIT from -3% in the 1st quarter of 2009 to +9% in 2010. While organic growth contributed  EUR 3.0 million or 2/3 to the increase in sales the smaller acquisitions effected in 2009 were responsible for EUR 1.5 million.

Since not only the 3 important segments OEM (plant and equipment manufacturers), Aftermarket (production companies) and Automotive but also all 18 coating plants report increasing orders  in the 1st quarter management expects further progress for the remainder of 2010. The latest acquisition  of the license and production rights for the Greenkote Zinkthermodiffusion process as well as  additional acquisitions already in progress will generate additional sales.

Based on the numbers of the 1st quarter management is optimistic to achieve a record EUR 50 million in sales with a 2-digit EBIT percentage figure for the full year.



 

31.03.2010

 

31.03.2009

+ / -

Sales (TEUR)

 

12,428

7,936

 + 57%

EBITDA (TEUR)

 

2,320

869

+ 167%

EBIT (TEUR)

 

1,111

-218

+ 610%

EBT (TEUR)

 

899

-545

+ 265%

Net result (TEUR)

 

634

-676

+ 194%

Earnings per share (EUR)

 

0.10

-0.13

+ 181%