The Industrial group Montana Tech Components (MTC) from the domestic investor Michael Tojner The bottom line was that 2019 earned significantly less than the previous year. The annual profit fell by 27 percent to EUR 38.5 million. The result was “significantly influenced by one-off effects,” the company said on Tuesday. Of the sales increased by eleven percent to 1.35 billion euros.
Adjustments
“Of the One-time effect concerns Asta (supplier for the power plant industry, note), where we had to make value adjustments. These write-downs make up a large part of the ‘earnings adjustment’, “said Investor Relations manager Jim Lefèbre to APA. Furthermore, the IPO of the packaging manufacturer Aluflexpack last summer “caused one-off costs”.
Earnings (EBITDA) before interest, taxes, depreciation and amortization rose 28 percent compared to 2018 to EUR 189.75 million – that was “the best result in the history of the Montana Group”. The earnings before interest and taxes (EBIT) of MTC, which is listed on the Swiss stock exchange Six, fell by almost 30 percent to EUR 58.77 million.
damper
The battery manufacturer belongs to the Montana-Tech group Varta AG, the Aluflexpack AG, Asta, UAC and Alu Menziken as well as Alpine Metal Tech. The number of employees grew strongly in 2019 by 1,791 employees to 9,572 employees.
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