Zreče, 31 May (STA) - Forged metals and tooling maker Unior reported EUR 63m in net sales revenue at the level of the group for the first quarter of 2018, a 2% decrease year-on-year. Net profit was down by almost a third to EUR 5.7m.
The Zreče-based company said Thursday that the performance was affected by the December sale of RTC Krvavec, the company operating the Krvavec ski resort, higher steel costs at Unior's smitheries in China and Croatia, and foreign exchange losses in Russia.
Revenue plans were nonetheless exceeded by 5%, Unior said. The core company increased sales revenue by 3.5% to EUR 42m. Its forgings segment grew by 14.4%, generating record sales worth EUR 30m or 72% of the company's total sales.
Unior, whose privatisation has been pending ever since 2013, also pointed out it reduced its debt to banks by an additional EUR 0.5m in the first three months of the year and continued to meet all commitments to workers, partners and banks.