For several decades now, Treibacher Industrie AG's company's figures have shown the company to be a consistent top performer.
The economic environment deteriorated as early as the Q4 2019 and led to significantly lower prices for alloys, particularly ferrovanadium. While sales volumes were still
satisfactory in the first months, COVID-19 caused declines in volumes in the Q2 and Q3.
However, due to our broad range of products, geographic market diversification, and, last but not least, our competitiveness at an international level, all business divisions have again contributed substantially to our good results.
As in 2014, our subsidiary Leuchtstoffwerk Breitungen GmbHcontributed almost 10 million euros in sales to our overall results.
At the beginning of 2015, our vacuum alloying operation, Treibacher Auermet d.o.o, in Ravne, Slovenia, was sold to a longstanding customer.
In November 2015, we acquired Tribotecc GmbH together with our parent company Treibacher Industrieholding GmbH.
Tribotecc GmbH is a worldwide leading manufacturer of metal sulphides. Tribotecc products are used in friction lining, lubricants for cutting and grinding disks. The company has a production site in Arnoldstein/Austria, company headquarters in Vienna, and a worldwide network of distribution partners. Tribotecc has approximately 80 FTEs and generated sales of almost 73 million euros in 2015.
Our company is well equipped for the future due to our long-term investments in the future, our excellent position in the market due to a broad portfolio of products, and backed by systematic research and development where innovative products are continually developed.
Demand for our products has already improved in Q4 2020 and utilization of our production facilities in Q1 2021 is good.
This is due to the replenishment of strategic inventories by our customers and a global improvement in industrial production. This improvement is based on the growing confidence that a normalization of public and economic life will happen again from Q3 onwards due to the progressing COVID-19 vaccinations.
At the same time, we expect a full-scale economic recovery through catch-up effects in consumer goods and business investment, which will be massively supported by central bank monetary policy and government incentive schemes.
We therefore expect business to develop positively in 2021.