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Hirsch Servo falls short of 2004/2005 targets
Hirsch Servo (www.hirsch-gruppe.com), Glanegg / Austria, manufacturer of machinery and EPS moulded parts for packaging, failed to meet its sales and earnings targets in fiscal year 2004/2005. The company blames delays by customers in delivering manufactured products. According to preliminary figures, sales for the year totalled EUR 56.8m (EUR 56.6m in the prior fiscal year) instead of the projected EUR 57.5m. Profits on ordinary activities were flat at EUR 1.4m instead of reaching EUR 1.7m as expected.
25.07.2005 Plasteurope.com [10785]
Published on 25.07.2005