The Impreglon Group, which has 15 coating facilities in ten countries around the world, has announced it's financial results for the full year 2008. The Group head office is in Luneburg, northern Germany.
Comparing 2008 with 2007, sales are up from 46.143m Euro to 49.797m Euro which is an increase of 8%. Net profits are down due to the involvement of some of the German facilities in the automotive industry.
Whilst some of the Group facilities encountered modest sales decreases as a result of the global economic downturn in the third quarter of 2008, the automotive dependent facilities were confronted with cuts of up to 50%. To have achieved an improvement in Group sales over 2008 is a credit to the management and staff of the individual facilities.
With capital resources of 50% and 6m Euro in cash, Impreglon will not only be able to withstand the enduring crisis but also take advantage of interesting acquisition opportunities to continue its growth
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