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HTC reports strong performance

Published 3rd September, 2012 by Neil Nixon

HTC reports strong performance

The HTC Group consists of the parent company HTC Sweden AB in Söderköping with sales offices in France, UK, Germany and USA. Additional export sales are made through distributors in about 60 countries on all continents. The group develops, manufactures and sells complete solutions for most floor applications such as surface leveling, grinding, renovation, maintenance, and daily cleaning. The product range consists mainly of grinding machines, dust extractors, diamond tools and diamond impregnated cleaning pads.

The company has reported that the first half of 2012 was, in terms of revenue and profit, the best ever and the positive trend from 2011 continues. The company’s turnover during the first half of 2012 was MSEK 185,8, an increase of 12% compared with the previous year. Order intake was MSEK 192,5 (169,3), an increase of 14% compared with the previous year.

The turnover growth has led to a very strong earnings performance, where EBIT (Earnings Before Interest and Tax) has more than tripled and totaled MSEK 17,6 (3,8), an increase of 363%. The half-year result before tax was MSEK 12,3 (0,9), a margin of 6,6%. The company’s gross margins have been strengthened and the result and profit margin improved significantly through the increased turnover. A continued focus on working capital has resulted in a decrease during the first half of 2012, which therefore has improved the operating cash flow notably.

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