For several decades now, Treibacher Industrie AG's company's figures have shown the company to be a consistent top performer.
Following a very strong 2018 financial year, the first half of 2019 was also very positive. However, there were already signs of an economic downturn in the second quarter, combined with a decline in demand and decreasing prices in the alloy business and hard metal raw materials.
Although annual sales of 618 million euros were quite satisfactory, they did not match the 2018 result due to the slump in demand in the second half of 2019.
Due to many positive developments in the area of new products and fields of application as well as the ongoing increase in efficiency in all business processes, all business units of Treibacher Industrie AG could contribute to the good results of the Treibacher Group in 2019.
Our subsidiary in Breitungen (GER), Leuchtstoffwerk Breitungen GmbH, was able to slightly increase sales in 2019 to around 11.9 million euros.
Tribotecc GmbH, our Austrian subsidiary, had to defend its excellent market and technology position for "high-performance" metal sulfides in 2019. Despite a decline in sales compared to the previous year, Tribotecc achieved sales of 62 million euros.
The performance of our joint venture (50%), Evonik Treibacher GmbH, was also very satisfactory, with a significant increase in sales to 71.2 million euros.
In the first half of 2020, the economy will experience a massive slump as a result of the corona crisis. However, the company is well prepared for this difficult period thanks to its good cost position, a broad product portfolio and a high liquidity cushion.