Third quarter 2011 results announced.
Sales are up by 40% to 55,166,000 Euros with EBIT up 77% to 6,100,000 Euros when compared with the third quarter 2010.
The 3rd quarter, which is historically week due to company holidays and reduced production time, Impreglon has presented excellent results. All numbers for the first 9 months of 2011 exceeded the full year result of 2010 and lead to the assumption of another record for the full year of 2011. The strong earnings per share of 0.47 Euro for the first 9 months should allow management to increase the dividend for 2011 as previously announced.
The good results are due to a better usage of existing capacities and a continuous order flow from the markets the company serves, machine manufacturers (OEM), production companies (Aftermarket) and Automotive. A major move from rented buildings into a new 6.000 sq. m. production plant with new coating lines in Lüneburg, which took place in the third quarter, should further increase profitability in the coming 4th quarter. And the latest acquisition of a new coating site in Milwaukee, USA, effective October 1, 2011 will also contribute to 4th quarter results 2011.
Concerning financials, assisted by GBC Kapital of Augsburg, Impreglon was able to place 150.000 of its own treasury shares with institutional investors and strengthen its liquid assets for new acquisitions.
