Polytec 2Q 20 - Top line guidance heralds upside to our forecasts
2Q results were shaped by the expected strong top line pressure and a lower than project loss, the latter also partially driven by disposal gains. The call-off pattern of Polytecs customers remain volatile but we sense more confidence as regards H2, not least mirrored by the FY 20 sales guidance of EUR 520 mn. This implies clearly more moderate pressure in 2H and is ahead of our current forecast of EUR 489 mn.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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