Polytec 1Q 20 - Headline earnings below RCBe
While sales held of reasonably well, earnings missed our forecasts. However, as there is no information available as regards potential one-off items (which however have to be assumed bearing in mind recent company remarks) a final assessment of the results quality can be made only after the conference call at 11 am CET.Polytec is a globally operating corporation, based in Austria, focusing on the automotive and plastics industries. Co. is engaged in the development and manufacturing of high-quality plastic parts. In the automotive industry, Co. works as supplier of exterior and engine compartment components in the high-volume market segment as well as a supplier of original equipment and components for small and medium series. Co. is active as a full-service provider in the area of injection molding, as a specialist in fiber-reinforced plastic components, as a manufacturer of original accessory parts made from plastic and as a developer of tailor-made industrial solutions made of polyurethane.
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