Sales rose by 5.8 percent to 636 million euros in 2023 compared to the previous year, as the company announced on Friday. The result following taxes was minus 14.1 million euros, following a minus of 2.2 million euros in 2022.
The operating result (EBIT) was minus 6.7 million euros, in 2022 it was still 700,000 euros. The adjusted operating result (Ebitda) shrank from 33.2 to 26.6 million euros. The equity ratio was 41.4 percent (2022: 43 percent), the net financial liabilities amounted to 79.5 million euros (2022: 59.8 million euros). Calculated in full-time equivalents, Polytec, including temporary staff, employed 3,835 people in the past financial year (2022: 3,510). The company does not plan to pay a dividend for 2023.
Increasing sales development strengthened by new projects
In the Passenger Cars & Light Commercial Vehicles market area, sales increased by 6.0 percent to 470.6 million euros. Sales in the Commercial Vehicles market area increased by 9.9 percent to 109.5 million euros compared to the 2022 financial year and have been in the three-digit range once more since 2020. Sales in the Smart Plastic & Industrial Applications market area, however, fell slightly by 3.6 percent to 55.9 million euros.
In its outlook for the 2024 financial year, Polytec management is currently assuming sales in the range of 660 to 710 million euros and is aiming for an EBIT margin of around two to three percent. The increasing sales development will be strengthened by the ramp-up of new projects, which are a result of the high order intake in previous years, it said.
