Q3 2019 Polytec Holding AG Earnings Call Transcript
So with regard to the third quarter results of POLYTEC GROUP, I'd like to go through with you through the key figures, mainly of the profit and loss statement, followed by the balance sheet. Finally, I'd like to give some comments on our current, e.g., slightly changed, adapted outlook. And after this, I open the floor to your questions.
Our group sales revenue in the first 9 months of 2019 fell by almost, let's say, only 1.8% to EUR 470.3 million. Thereof and included are EUR 7.3 million of the newly founded company, POLYTEC CAR STYLING Weierbach GmbH. This is a company which consists of the movable and intangible assets of the company, Wayand AG, which we bought from insolvency. This company -- the core of this company is the production of exterior parts for exclusive cars, and it -- since the 1st of September of this year, is included in our Car Styling business unit. And hence, and this being said and bearing in mind that we have been traditionally the #1 in Europe in car styling activities, we can now proudly state that we are the
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