Thu 12/09/2021 05:17 AM
Wittur managed to grow its topline during the first nine months of 2021, driven by surging growth in Asia. But earnings were hit by a jump in input costs, driving up the German elevator components business’ net leverage, leaving it free cash flow negative and putting it on course to miss its full-year guidance, sources told Reorg.
Sales grew 9.8% year over year to €618 million during the nine-month period, driven by a 21.1% year-over-year increase in Asia. Sales were up 2.2% in Europe and up...
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