For several decades now, Treibacher Industrie AG's company's figures have shown the company to be a consistent top performer.
The weak global economic activity in 2016 had a negative impact on the local economy and meant that our company also faced major challenges yet again.
Due to the high availability and lower demand in the first three quarters of 2016, the prices for the raw materials purchased by us were also low, and therefore also the retail prices we were able to charge for our products. In the 4th quarter of 2016, the demand grew considerably stronger again and the retail prices of our products therefore also went up.
We also managed to counterbalance some of the above mentioned negative effects in other areas with higher turnover volumes and sales.
Despite the difficult environment, the company once again managed to achieve a good operating profit. On the one hand, this is due to the company's wide product range and on the other hand, it is due to the fact that we benefit from the continuous optimisation of all business processes, which our work has focused on for many years.
All Treibacher business units therefore once again managed to contribute considerably to the company's good result in 2016.
Our subsidiary in Breitungen (GER), Leuchtstoffwerk Breitungen GmbH, managed to slightly increase its turnover compared to last year to around 11 million euros.
Tribotecc GmbH, in which we purchased a majority shareholding during the 2016 financial year, has maintained its excellent market and technology position in the area of high performance metal sulfides and achieved a turnover of around 71 million euros in 2016.
With long-term investments into the future, an excellent market position based on a wide product range supported by consistent research and development work that constantly results in innovative products, and a focus on our strengths in the area of process optimisation and cost efficiency, our company is well-equipped for the next few years as well.