Lantal Textiles posts 2012 financials
Lantal Textiles, Inc. reports that it generated consolidated sales of CHF79 million (US$83.4 million) in financial 2012, in spite of being confronted with an adverse market climate.
The global leader in interiors for aircraft, buses and trains said that a strong Swiss franc depressed margins and revenues, yet the Pneumatic Comfort System (PCS) segment posted significant gains thanks to initial deliveries of the innovative air-cushion product for the Business Class seats of Lufthansa's long-haul fleet. Lantal said that brisk demand for Lantal's PCS and for all-in-one solutions with ready-to-install parts justifies an optimistic outlook for the future.
During the year under review, Lantal generated consolidated sales of CHF 79.090 million compared to 2011’s CHF84.894 million (US$89.6 million); representing a decline of 6.8%. Sales of products and services to the aviation market fell by 10.2%. In the bus, train, and tram markets, sales advanced slightly by 1.7% versus the prior year.
Nonetheless, Lantal is confident that a trend in new orders is encouraging. In the course of 2012, individual customers postponed projects for economic and other reasons, which is why goods already produced could not be delivered. With a delay, these revenues will be incoming in 2013.
“Overall, we are dissatisfied with the situation,” says Lantal's CEO Urs Rickenbacher. “But in view of the difficult market scenario and deferred projects, we can relativize this appraisal to some degree. It appears that in future, we will have to cope with more volatile markets.”
At the end of 2012, Lantal employed 377 people in full-time positions and 15 apprentices in Switzerland, the USA, and France. Reassuringly, the personnel count increased by 34 full-time equivalents, of which 29 in Switzerland.