First quarter 2011 results
A bright start to 2011!
After convincing numbers in the last quarter of 2010 the first quarter of 2011 confirmed these with record results. Aside from a strong 47% sales increase to 18.231m Euro, the rise of EBIT and EBITDA margins by over 100% is even more impressive. With 19 cents against 10 cents in the first quarter of 2010, earnings per share almost doubled despite an increase in the total number of shares by 29%.
The additional production capacities created prior to the world economic crisis, which proved to be costly and counterproductive during the crisis, now produce positive results due to the increased turn over. The same applies to the cost saving measures implemented during the crisis. The constant flow of new orders, several new sustainable coating processes due to be released soon and the continuation of the successful 'Buy & Build' strategy should also lead to record numbers for the full year of 2011.