Uzin Utz SE Reports Sales Growth Despite Market Challenges

Uzin Utz SE has released its financial results for the third quarter, highlighting a 9.0% increase in sales to €416.0 million compared to last year's €381.6 million. Despite a challenging construction sector, the company maintained stable earnings with an EBIT of €32.3 million, slightly up from €31.8 million in the previous year.

Material costs remained high, influenced by geopolitical tensions, while the company kept staff costs stable with a slight decrease. Innovation remains a priority for Uzin Utz, exemplified by its development of flooring technology and a new partnership with a robotics start-up.

The company is optimistic for the full fiscal year, forecasting further revenue growth between 2.0% and 10.0%. EBIT is expected to remain stable, benefiting from strategic measures and cost control.