Automotive supplier
Automatically stored design
In the medium term, Polytec believes it is strategically very well positioned to turn the changes in the automotive industry into increasing economic success. The plastics processor is not yet running smoothly: earnings after tax are negative at the half-year mark.
An increase in turnover to 349.6 million euros, an improved operating result of 3.5 million euros, earnings after tax in the red at minus 2.7 million euros - these are the figures for the first half of 2024 published by Polytec on Wednesday.
New projects are being ramped up
The company, which is managed by Markus Huemer and based in Hörsching (Upper Austria), is highly active in the field of e-mobility and is also doing well outside of the automotive sector.
However, the challenges facing the plastics processor remain high: demand from the automotive industry is not stable. Polytec therefore expects passenger car production figures for this year to be at the same level as 2023, while volumes for heavy commercial vehicles are expected to decline slightly.
More than 3900 employees
At the end of June, the Polytec Group employed 3906 people, a figure that had only slightly decreased compared to the first half of 2023.
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