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Comer Industries: return to growth in 2010
Company News Monday, September 26, 2011: Comer Industries
In a scenario characterized by the recovery of its market sectors of reference, Comer Industries achieved consolidated revenues of 276,534 thousand euros, rising by 14.6% compared to the previous year. Net profit stood at 10,690 thousand euros, an important growth compared to the 2009 fiscal year. The consolidated financial position strengthened, exhibiting a significant net indebtedness reduction, an increment in equity and a ratio of net financial position to equity (gearing) of 0.35. The number of employees also grew from 1,145 to 1,217 (+6.3%).
The company performed very well in the industrial area, particularly in the compact construction and road machinery segments. In the renewable energies sector, Comer Industries further increased its revenues with cutting edge products and technical solutions for new generation wind turbines. The applications for agriculture market also showed signs of recovery, driven by a widespread growth in demand in the second half of 2010.