30 October 2006 – The high-performance polymer specialist Quadrant announced a 48% increase in sales for the first nine months of the year – ˆ384.5m (CHF611.2m) against ˆ259.5m (CHF214.5m) for the same period in 2005.
The Swiss company said organic growth accounted for 5%, while the remainder was attributable to last year’s acquisitions of Poly Hi Solidur, acquired in August 2005, and JGC.
Quadrant’s overall business environment was described as “benign, with a generally stable raw material price situation and ongoing healthy demand for capital goods.”
The high-performance plastics operations contributed to the majority of turnover – 80% of consolidated sales.
Established in 1996, Quadrant said that its consolidated EBITDA margin of 12.7% was slightly lower than last year’s figure of 13.1%. The company said that a comparison with previous years in terms of profitability was “only of limited value due to the change in the product mix, since lower margins are in the nature of the business at Poly Hi Solidur”, but the margin is still within the range of its expectations for the year.
