ADP News Austria

Austrian Hirsch Servo raises Q1 FY 2010/11 sales by 27% Y/Y.(Financial report)

(ADPnews) - Nov 25, 2010 - Austrian packaging and machinery group Hirsch Servo AG (WBAG:HIS) said Thursday its sales grew by 27% on the year to EUR 25.1 million (USD 33.5m) in the first quarter of the new fiscal year, ending June 30, 2011.

On an operating level, the company managed to return to the black and posted earnings before interest and tax (EBIT) of EUR 780,000 against a loss of EUR 910,000 in the first quarter of fiscal 2009/10. …

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