Westfalen AG has declared that it is “back on the road to success” after revealing a mammoth increase in earnings before tax (EBT) revenue in its 2015 full-year financial results.
EBT for the group grew by a sizeable €30.5m ($33.7m), rising from €1.5m ($1.7) to €32m ($35.4m), with the improvement credited to higher sales and positive margin trends compared to the previous year.
The company attributed this drastic growth to the division’s higher operating profits in 2015, as well as its energy supply and service station division’s earnings being severely affected by the plunge in oil prices in the previous fiscal year.
With our brand strength, high-quality service quality and personal commitment, we were able to significantly increase our margins
Wolfgang Fritsch-Albert, CEO of the German corporation, signified, “With our brand strength, high-quality service quality and personal commitment, we were able to significantly increase our margins.”
... to continue reading you must be subscribed
