Juteks d.d. Reports Income Increase in Q4 According to BAC Company Report
30 Mar 2012 • by Natalie Aster
LONDON – Recently Slovenian floor maker Juteks announced its quarterly and annual results for 2011. According to those, the year appeared to be better than 2010, as well as Q4 ended up positive. In 2011 comparing to the previous financial year, revenue increased by 30% and reached EUR 54 M, gross profit amounted to EUR 11.3 M (66% up), operating income grew from EUR (6.6) M to EUR 1.5 M, and net income equaled EUR (1.8) M from previous results of EUR (8) M which is also a positive dynamics.
Q4 delivered most financially successful results among all 2011 periods: revenue of EUR 14.7 M, gross profit of EUR 2.8 M, operating income of EUR 0.1 M, and net income of EUR 0.6 M. Unfavorable economic situation of 2008 strongly hit Juteks financials. Ongoing debt crisis in Eurozone puts the company into difficult position of conquering volatile markets. The company is still recovering from financial turbulence, and links its future success with performance of newly formed Russian PVC flooring production plant.
Founded in 1939 and headquartered in Žalec (Slovenia), Juteks d.d. engages in manufacture and distribution of PVC foam-backed flooring for commercial buildings, semi-commercial facilities and residential constructions. Flooring thickness varies from 1.0 mm to 3.2 mm, while width can be adjusted from 2m to 4m. Guarantee for 7 to 10 years is provided given proper utilization. The company is public and trades on Ljubljana Stock Exchange under the ticker JTKG.
More details on the company’s performance, products, business possibilities and experts’ forecasts can be found in the report "Juteks Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Juteks Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
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