But sales increased

Production difficult to plan: Polytec in the red

The automotive industry itself is struggling at the moment - and this is also taking its toll on suppliers.(Bild: AFP)

The weakening automotive industry in Europe is causing problems for many suppliers - and the Polytec Group is no exception. Although the plastics processor from Hörsching (Upper Austria) increased its turnover after three quarters of 2024, earnings after taxes remained negative at minus 7.4 million euros.

The difficult market conditions and the challenges facing Europe's industry are now being discussed by almost every company. The effects are also becoming increasingly visible.

Turnover increased
The high level of wage and material costs is also putting pressure on the Polytec Group, as the company announced on Thursday. After three quarters, the turnover of the plastics processor, which operates from Hörsching, amounted to EUR 507.1 million, which even represents an increase on the figures for 2023.

Earnings after tax have also improved slightly, but remain negative and stood at minus 7.4 million euros after three quarters of 2024. Customer call-offs remain difficult to plan, according to the company.

New projects in the passenger car segment help
The truck business has been difficult all year, but Polytec is being helped in the passenger car segment by the fact that new projects were launched last year and this year. The generally declining production rates in the vehicle industry are clearly not conducive.