Business news

Unior revenue up, profit down in Jan-Sept

Zreče, 29 November (STA) - Tool maker group Unior generated EUR 192.4 million in net revenue in the first nine months of the year, 4.7% more than in the same period last year. Group net profit dropped 4.1% to EUR 9.7 million, according to results reviewed by the supervisory board on Thursday.


The Unior management attributed the decline in profit to poorer results of associated companies.

Earnings before interest, tax, depreciation and amortisation (EBITDA) reached EUR 24.9 million, which was 7.5% more than in the first three quarters of last year. Earnings before tax (EBIT) was 17% higher, at EUR 12.5 million.

The group spent EUR 11.3 million on investments between January and September and at the end of the period it employed just over 3,000 people, 4.5% fewer than in the same period last year due to a decrease in forge workers in Croatia and China.

The core company, which is marking its centenary this year, generated EUR 132.9 million in net revenue, which was 3.8% more than in the first nine months of last year. Its profit dropped by 18.9% to EUR 5 million.