2011 half year results announced
Record numbers for first half of 2011!
The record numbers for the first half of 2011 have confirmed the excellent results of the first quarter. Comparing 2011 with 2010, sales are up by 43% to 36.481 million Euros with net profit up by 399% to 2.675 million Euros and this despite the seasonal low number of production days in the second quarter.
The strong increase in sales in combination with convincing earnings per share is mainly due to continuous demand within the OEM and automotive markets. The improved utilisation of production capacity, the start up of new technologies and the latest acquisition of a new production site in the USA should help the strong performance to continue in the second half of 2011.