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Tool Maker Unior Makes EUR 2.6M Profit in First Quarter

Ljubljana, 30 May (STA) - Tool maker Unior posted a EUR 2.6m profit in the first quarter of 2014, which is 28.8% more than in the same period last year, while sales revenues remained flat at EUR 44.1m, according to Friday's press release from the company, which is among the 15 companies on the government's privatisation list.

The Unior group, which features a total of 28 companies in 20 countries and is also active in tourism, more than doubled its profit to EUR 4.5m in the first quarter, while revenues were down by 1.2% to EUR 56.9m.

Sales in Slovenia represented 22% of total sales and were down by 5.6% compared to the first quarter of 2013. Sales on the foreign markets were meanwhile up by 0.2% to EUR 44.4m, the press release says.

According to the Unior management, the stabilised automotive market contributed the most to the good result. The EU is the most important market, where the company exports more than 90% of its metalworking products and generates more than 80% of total sales in this segment.

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