Supplier Teknia, which makes metal and plastic parts, said first half 2023 sales rose 29% year on year to EUR229.4m due to strong repeat orders and production.
Market growth was 13%. EBITDA soared 70% to EUR24.1m despite rising costs “but where raw material and energy price increases are starting to be contained”.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Net profit was up 95% to EUR9.25m.
EBITDA margin was up 2.5% at 10.5% and EBIT rose 125% to EUR15.1m though it was “slightly affected” by capital expenditure during the first half.
Teknia continued international expansion during H1 2023, acquiring a “Swedish company” making aluminium and magnesium products for steering and chassis parts.
