At the fourth session on 27 May 2010, the Supervisory Board of the Unior public limited company discussed and adopted Unior’s quarterly business performance.
The company’s profit and loss statement (P&L) for Q1 2010 is positive at €114.5 thousand, representing an improvement over last year’s Q1 loss of €1.75m. The net sales of products and services in Q1 2010 totalled €30.9m, representing a 3.9% drop year-over-year. In Q1 2010, Unior carried out €867 thousand worth of investment into new fixed assets, representing a 21.1% fall compared to last year, when it invested €1,098 thousand. Due to the still unpredictable and unstable economic situation, new investment was only made into essential equipment that enabled our business processes to run uninterruptedly.
Compared to Q1 2009, amortisation and profit (accumulated) are 175.2% higher, totalling €2,608.6 thousand (€947.9 thousand year-over-year), representing 32.1% of the anticipated amount for 2010.
The value of sales in Q1 2010 equalled €28.9m, which is a 4.9% drop year-over-year. The company exceeded its sales plan by 3.2%.
Considering the progression of the economic crisis, the operating results of programmes vary. Exceeding the plan by 7.2%, the Forging Parts programme saw a 57% rise in sales compared to 2009, which indicates that the situation in the automotive market is improving.
Compared to Q1 2009, the Sinter programme saw a 46.8% rise in sales, exceeding the quarterly plan by 6.5%.
The Hand Tools programme saw a 17.9% reduction in sales compared to last year, lagging behind the sales plan by 5.2%. The realisation of sales in the Special Machines programme is expected in the second half of 2010.
Q1 sales in the Tourism programme totalled €7.9m, which is a 0.9% year-over-year increase that exceeded the sales plan by 4.6%.
In the first four months, Unior generated revenue of €40,1 m. At the year-round level, the company expects €119,632,816 in net sales turnover, exceeding 2009 by 7.4%.
