Teksid S.p.A. Business Report FY2011
Business Highlights
Financial Overview |
(in million euros) |
FY2010 | FY2009 | Rate of change(%) |
Factors | |
Revenue | 776 | 578 | 34.3 | 1) |
Trading profit | 17 | (14) | - |
Factors
1)
-The Cast Iron business unit recorded a 21.8% increase in volumes over 2009, with the most notable improvement in the heavy vehicle segment, particularly in Europe (+18.1%) and the NAFTA region (+47.2%), where the heavy segment is the sector’s primary area of focus, and in Brazil (+19.9%). Revenues for the business unit were up 35.9%, driven by higher volumes as well as higher pricing to recover increases in raw material costs.
-The Company's Cast Iron business unit also operates in China through Hua Dong Teksid Automotive Foundry Co. Ltd., a joint venture with the SAIC group which is accounted for under the equity method. In 2010, the company recorded a 9.1% decrease in delivery volumes associated with a decline in exports to Italy.
-The Aluminum business unit posted a 15.3% increase in volumes and a 26.5% increase in revenues, principally
driven by higher volumes and price increases to recover higher raw material costs.
R&D
R&D Expenditure |
(in million euros) |
FY2010 | FY2009 | FY2008 | |
Overall | 2 | 2 | 3 |
Investment Activities
Capital Investment |
(in million euros) |
FY2010 | FY2009 | FY2008 | |
Overall | 31 | 33 | 41 |