Group 2012 Q1 Results Announced
2012 First Quarter Results
A weakened economy in the fourth quarter of 2011, particularly outside of Germany, led to cautious expectations for first quarter 2012 results. After a weak start in January, orders stabilized throughout the period. The result: sales of 20,761,000 Euro - the highest in the history of the company.
Despite the fact that the new production facilities opened in late 2011 had not yet reached full capacity, revenue in the first quarter 2012 was the second highest ever. The record figures for the first quarter of 2011, a boom time for the machinery and automotive industry, were not quite achieved, making it even more remarkable that revenue rose 70% as compared to the fourth quarter of last year.
Although production for the first of the announced major projects was begun in March, management is not anticipating start of production for the second project until late summer. The same applies to production tests for the ChromOptics project, which should begin generating revenue in the fourth quarter of this year. Before the production of biological waste air purification systems can begin at the Zwickau plant in the fourth quarter, about 1.2 million Euro will have to be invested in plant and equipment for the new product line 'Impreglon BioTec'.
Management expects the economy to remain weak in non-German European countries throughout 2012, with a recovery in 2013. The new major projects starting in 2012 will boost sales in Germany. The same can be said for the new acquisitions in the US and Asia in 2011 and 2012 which should lead steady revenue figures and an increase in sales of approximately 20% in 2012.
With 22 plants in 11 countries around the world, Impreglon is a global leader in surface technology.
