This year by the end of June, earnings before taxes fell by 755,000 to 2.37 million euros. That was the Linz Textile Group headed by the Board of Directors Friedrich Schopf (photo) known yesterday.
Sales increased by 7.7 percent from EUR 46 million to EUR 49.6 million, not because of higher sales volumes, but because of higher selling prices. In the case of “finished textile products” (e.g. Vossen terry goods), sales fell slightly in the first half of the year because the stationary retail trade is weakening.
Spinning throttled in Landeck
The order situation for textile semi-finished products is “solid”. But the electricity costs, this year 140 percent higher than last year, are a particular concern. In the spinning mill in Landeck in Tyrol, production was therefore reduced in May. In the second half of the year, a floor remediation that has surprisingly become necessary in a rented warehouse in Linz will also put pressure on the earnings situation.
Source: Nachrichten
