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.
However, due to our broad range of products, geographic market diversification, and, last but not least, our competitiveness at an international level, all business divisions have again contributed substantially to our good results.
As in 2014, our subsidiary Leuchtstoffwerk Breitungen GmbHcontributed almost 10 million euros in sales to our overall results.
At the beginning of 2015, our vacuum alloying operation, Treibacher Auermet d.o.o, in Ravne, Slovenia, was sold to a longstanding customer.
In November 2015, we acquired Tribotecc GmbH together with our parent company Treibacher Industrieholding GmbH.
Tribotecc GmbH is a worldwide leading manufacturer of metal sulphides. Tribotecc products are used in friction lining, lubricants for cutting and grinding disks. The company has a production site in Arnoldstein/Austria, company headquarters in Vienna, and a worldwide network of distribution partners. Tribotecc has approximately 80 FTEs and generated sales of almost 73 million euros in 2015.
Our company is well equipped for the future due to our long-term investments in the future, our excellent position in the market due to a broad portfolio of products, and backed by systematic research and development where innovative products are continually developed.