Key takeaways of Polytec :

Over a 5-year horizon, Polytec is projecting annual sales growth of around 4%. In the longer term, Polytec might additionally benefit from the trend towards e-mobility (and hybrid cars) since Polytec is offering the necessary battery boxes and lightweight construction is playing an even higher role. The company‘s margin in upcoming years should be supported by ongoing high savings from plant reorganization, footprint measures, digitalization efforts and constant product innovations.

Business outlook:

Mr. Haidenek expressed huge confidence regarding ongoing strong business performance in 2H17 and FY18. The margin guidance of at a minimum slight growth in sales and EBIT is offering “room for improvement”. From the material cost side, the company is not experiencing any headwind.

Points of interest:
1) Polytec is quite advanced in terms of digitalization. The company is continuing its high investment in IT (i.e. new servers, group-wide implementation of SAP Hana, new Manufacturing Execution System, Enterprise Content Management software). Digitalization of all 26 plants will be a steady process over the next 10 years. 2) POLYTEC is currently experiencing very high volume in project nominations, driving sales growth from 2020.