Brief: Polytec Holding FY EBIT up by some 40 pct at 52 mln euros

Polytec Holding AG

23/01/2017 16:16

Jan 23 (Reuters) - Polytec Holding Ag  POLV.VI  
    * In 2016 financial year Polytec Holding improved its sales 
revenues by around 4 pct to 650 million euros ($697.71 million) 
    * FY provisional EBITDA amounted to approximately 80 million 
euros. This corresponds with an increase over preceding year of 
some 20 million euros 
    * FY EBIT was up by some 40 pct at 52 million euros, which 
represents an EBIT margin of around 8 pct 
    * During 2016 financial year net debt was cut from 99 
million euros as at Dec. 31, 2015 to approximately 70 million 
euros as at Dec. 31, 2016 
 
Source text for Eikon:  ID:nPex1QW40a  
Further company coverage:  POLV.VI  
 
($1 = 0.9316 euros) 
 
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