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07/14/14 - €24.00
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hirsch servo ag (HIS) Details

HIRSCH Servo AG is engaged in the manufacture and sale of expandable polystyrene (EPS) products in Austria, Eastern Europe, other parts of Europe, the United States, the Far East, and other countries. Its EPS Processing segment manufactures and processes EPS, expandable polypropylene, and expandable polyethylene. This segment’s products have applications in crash helmets, packaging for electronic equipment, and underfloor heating and buildings. The company’s Technology segment produces machinery and equipment for the processing of EPS into shape molded parts and insulating materials. This segment supplies its products to EPS processors who serve as sub-contractors for the packaging, construction, foodstuffs, and electronics industries. HIRSCH Servo AG also sells satellite plants and automatic pallet production units for applications in pharmaceutical, cosmetic, food, and electronic industries, as well as for use in fast moving consumer goods, temperature-sensitive goods, industrial goods, airfreight, etc. The company was founded in 1972 and is headquartered in Glanegg, Austria. HIRSCH Servo AG is a subsidiary of Lifemotion SA. As of December 23, 2013, Hirsch Servo AG operates as a subsidiary of Lifemotion SA.

Founded in 1972

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hirsch servo ag (HIS) Key Developments

Hirsch Servo Announces Earnings Results for the First Quarter of Fiscal Year 2015

Hirsch Servo announced earnings results for the first quarter of fiscal year 2015. For the quarter, the company posted a EUR 0.08 million (USD 0.1 million) net loss, worse than EUR 4.41 million profit a year earlier, on revenues falling by 5% year on year to EUR 22.4 million. Earnings on ordinary activities shrank to EUR 0.01 million from EUR 4.27 million. EBIT turned to a positive EUR 0.46 million from a negative EUR 0.23 million.

Hirsch Servo Announces Earnings Results for the Full Year of Fiscal 2014

Hirsch Servo announced earnings results for the full year of fiscal 2014. The company reduced fiscal 2014 net loss to EUR 0.63 million (USD 0.79 million) from EUR 3.85 million a year earlier. Pre-tax loss also shrank, to EUR 0.1 million from EUR 4.38 million gap in the preceding year. EBIT turned to a positive EUR 1.98 million from a negative EUR 1.91 million, meaning an operating profit for the first time since fiscal 2011. The company named such positive drivers as better margins, lower operating fixed costs or lower write-offs. Revenues were stable as they grew by a slight 1% to EUR 89.05 million. Net debt declined to EUR 42.93 million from EUR 52.04 million in fiscal 2013.

Hirsch Servo AG to Report First Half, 2015 Results on Feb 27, 2015

Hirsch Servo AG announced that they will report first half, 2015 results on Feb 27, 2015


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