No trace of recession: The listed family company Frequentis based in Vienna gained record values last year when it comes to sales and orders. Frequentis specializes in communication systems, two thirds of the orders are eliminated for air traffic management. The company serves customers in the civil and military area. Blue light organizations are also equipped.
The order input rose by 15.7 percent to 583.8 million euros. The turnover amounted to 480.3 million euros, an increase of 12.4 percent, which is only due to organic growth. With 296 million euros, most of it was achieved in Europe. Despite the above all increased personnel expenditure, EBIT (profit before interest and taxes) grew by 20.5 percent to 32.1 million euros. 30 percent of them are invested in research and development.
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Image: Thomas Jantzen
Source: Nachrichten
