The Montana Tech Components (MTC) industrial group owned by domestic investor Michael Tojner made significantly less money in 2019 than in the previous year.
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The annual profit
decreased by 27 percent to EUR 38.5 million. The result is “essential
influenced by one-off effects, “the company said on Tuesday
With. Sales increased by 11 percent to 1.35 billion euros.
“The one – time effect affects Asta (suppliers for
Power plant industry, note) where we had to make value adjustments
– these depreciations make up a good part of the
‘Adjustment of earnings’ out, “said investor relations manager Jim
Lef? Bre to the APA. Furthermore, the IPO of
Packaging manufacturer Aluflexpack last summer “unique
Costs incurred “.
Earnings before interest, taxes, depreciation and amortization
(EBITDA) increased by 28 percent to EUR 189.75 million compared to 2018 – that
was “the best result in the history of the company
Montana Group “. Earnings Before Interest and Taxes (EBIT)
the MTC, which is listed on the Swiss stock exchange Six, fell by almost 30
Percent to EUR 58.77 million.
The Montana-Tech group includes the battery manufacturer Varta AG,
Aluflexpack AG, Asta, UAC and Alu Menziken as well as Alpine
Metal tech. The workforce is up by 1,791 in 2019
9,572 employees grew strongly.
Adjusted for the aforementioned special effects, EBITDA increased
in the past financial year by a good third to just under 198 million
Euros, EBIT by almost 17 percent to 97.5 million euros and that
Annual result by 45.8 percent to EUR 77.2 million.
The expected impact of the COVID 19 crisis would be
parts of the industrial group expected to “dampen growth”,
whereby it can be expected that the diversified orientation of the
Montana Group mitigate the possible losses, it says in the
current company report.
The battery manufacturer Varta (Energy Storage Division) looks
look back on another successful business year – sales
increased by a good third to EUR 362.7 million. The Group
is investing massively in expanding production capacities in the
Lithium-ion batteries and will be in 2020 “despite the
difficult situation due to the measures against the corona pandemic
grow again with growth “, so the expectation.
The acquisition of Varta Consumer completed on January 2nd
also set the Varta Group’s business model to “one more
broader basis “. The consumer battery business will form in the future
together with the energy storage business of the previous Varta AG
the new segment “Household Batteries”. Management expects
“Strong growth” in lithium-ion batteries. That’s why
Personnel in the new “Microbatteries & Solutions” segment clear
increase”.
At the two new Universal Alloy Corporation locations
(UAC), in Romania (at the airport in Baia Mare) and in Vietnam (Da
According to the group, major construction progress has been made
achieved. The first machines have already gone into operation. At
Both locations have over 1,000 employees.
The Romanian Alu Menziken plant in Satu opened at the end of 2018
Mare is still in the start-up phase and “feels the current
Weakness in the automotive sector “, ie the collapsed demand in
the automotive industry. The occupancy rate of the
Location. Alpine Metal Tech is also currently hit badly
Environment, the weakness in the automotive sector.
At Aluflexpack (Industrial Components division) again
would have solid demand and consolidation effects from the
Acquisition of the Turkish subsidiary Arimpeks for the growth of the
Net sales of more than 14 percent to 207.9 million euros
contributed.
According to Montana Tech, the Asta group continues to move in one
difficult but stable environment – “triggered by the
reluctant investment in the classic
Power plant construction “. Thanks to good positioning in production and in
Business with insulated flat wires succeeds in price pressure in the
Mainly to withstand and accept only small volume losses
to have to.
(Final) cre / grey
APA
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