Teksid S.p.A. Business Report FY2011
Business Highlights
Financial Overview |
(in million euros) |
FY2011 | FY2010 | Rate of change(%) |
Factors | |
Revenue | 922 | 776 | 18.8 | 1) |
Operating profit | (2) | 17 | - |
Factors
1)
-The Cast Iron business unit recorded a 14.3% increase in volumes over 2010, with business in the heavy vehicle segment showing the most notable improvement. Volumes were higher in Europe (+9.4%), the NAFTA region (+72.9%), where the heavy segment is the sector's core focus, and Brazil (+7.7%). The business unit's revenues were up 23.4%, on the back of both higher volumes and higher prices, which reflected increased raw material costs.
-The Cast Iron business unit also operates in China through Hua Dong Teksid Automotive Foundry Co. Ltd., a joint venture with the SAIC group (accounted for under the equity method). The JV recorded an 19.2% increase in volumes for the year.
-The Aluminum business unit posted an 8.0% decrease in volumes and a 4.9% decrease in revenues.
R&D
R&D Expenditure |
(in million euros) |
FY2011 | FY2010 | FY2009 | |
Overall | 1 | 2 | 2 |
Investment Activities
Capital Investment |
(in million euros) |
FY2011 | FY2010 | FY2009 | |
Overall | 38 | 31 | 33 |