STA, 31 May 2019 - The group around the Zreče-based tool maker Unior posted a new profit of EUR 6.8 million in the first quarter of the year, up 18.4% over the same period in 2018. Its revenue increased by 8% to EUR 68.2 million.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 14% to EUR 11.3 million.
Meanwhile, the group's operating profit (EBIT) reached EUR 7.4 million, up 13.8%, according to the unaudited first-quarter report released on Friday.
The group's investments in infrastructure and equipment totalled EUR 5 million in the three-month period.
At the end of March, the group had a workforce of 3,160, a drop of 0.5 over a year ago, and the parent company had 1,820 employees.
Revenue of the parent company increased by 5.5% to EUR 44.3 million, with net profit reaching EUR 1.6 million, a rise of 46.8%.
The parent company's operating profit (EBIT) rose by 33.6% to EUR 2.3 million.
The supervisory board discussed the results on Thursday, assessing them in line with plans. The group also reduced its debt to banks by EUR 2.9 million from a year ago.
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