Teksid S.p.A. Business Report FY2011

Business Highlights

Financial Overview

(in million euros)
  FY2011 FY2010 Rate of
Revenue 922 776 18.8 1)
Operating profit (2) 17 -

-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 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