Teksid S.p.A Business report FY 2009

Business Highlights

Financial Overview

(in million euros)
  FY2009 FY2008 Rate of
Revenue 578 837 (30.9) 1)
Trading profit (14) 49 -

-The Company experienced a 30.9% decline in revenues for 2009.

-The Cast Iron business unit recorded a 26.6% decrease in volumes over 2008, attributable to decreases in Europe (-9%), the NAFTA area (-52%), where the Sector is predominantly focused on heavy vehicles, and Brazil (-30%) where the decline was also attributable to a sharp decrease in supply for heavy vehicles. Revenues for the business unit were down 32.3%. In addition, the Company’s Cast Iron business unit operates in China through Hua Dong Teksid Automotive Foundry Co. Ltd., a joint venture with the SAIC group, accounted for under the equity method. In 2009, the company recorded a decrease in delivery volumes of 12.5%.

-The Aluminum business unit posted a 5.5% decline in volumes and a 22.8% fall revenues, attributable to lower sales volumes, lower revenues from secondary activities (equipment sales), as well as a decrease in selling prices driven by a drop in the market price of raw materials to which the unit’s selling prices are linked.


R&D Expenditure

(in million euros)
  FY2009 FY2008 FY2007
Overall 2 3 1

Investment Activities

Capital Investment

(in million euros)
  FY2009 FY2008 FY2007
Overall 33 41 32