Creaton anticipates stable profits on higher sales
The leading German clay roof tile producer Creaton has increased first half turnover by 15.0% to €62.6m, with domestic sales advancing by 13% to €45.0m and exports and Hungarian production accounting for €17.6m, an increase of around 21%, with Poland, Austria, Hungary and Slovenia being the most important markets. The growth achieved in the domestic market primarily reflects an increased emphasis on premium products. The changes in the product mix has allowed the trading profit (EBIT) to improve by 15.4% to €3.0m, in spite of considerably higher energy costs. A second plant in Hungary is at the planning stage and, with Etex as the controlling shareholder, the financial strength is there to expand into other promising Eastern European markets as well. Published under Cement News
