KraussMaffei increased growth mainly to good business in the new EU countries and Russia
Machinery manufacturer KraussMaffei Technologies (KM, Munich / Germany; www.kraussmaffei.com) and its group companies (formerly Mannesmann Plastics Machinery) improved earnings substantially in fiscal 2006/2007 (30 September). EBITDA surged ahead by nearly 41% against 2005/2006 to EUR 71.3m, thanks largely to a good performance by the reaction and extrusion technology segments. As in previous years, injection moulding showed less positive development. Group sales rose by almost 5% to EUR 950m and order intake by 8.4% to EUR 1.06 bn.
The group figures include injection moulding machinery producer Netstal (Näfels / Switzerland; www.netstal.com), for which no detailed figures have been published, but not Demag Plastics Group (DPG, Schwaig / Germany; www.dpg.com), which was recently acquired by the Japanese Sumitomo group – see PIEWeb of 13.03.2008.
At lead company KraussMaffei GmbH (Munich), order intake was above the group average, rising 8.8% to EUR 566m. Orders for extrusion technology were flat at the 2005/2006 level, which may reflect the 2007 merger of KraussMaffei extrusion activities with those of Berstorff into a new company. The injection moulding technology segment recorded an order intake of 9%, while the reaction technology arm saw 20% order growth. Sales at KM increased by 5.4% to EUR 514m, thanks mainly to good business in the new EU countries and Russia. North America and the Middle East saw declining business. Operating profit soared by 80% to EUR 15.3m.
