Results, Investments, Financing


 Turnover of 318.2 million euros was recorded in the past year. The gross margin of the organisation increased to 59.0 million euros. Net profit before taxes amounts to 11.7 million euros, net profit after taxes amounts to 8.5 million euros.


Together with our joint venture partner, we have provided Mahindra-HZPC with additional capital this year to finance growth. In addition, we invested in a minituber production facility in Canada and in a new roof on the ZOS building. These investments took place alongside our annual investments in ICT and R&D facilities. Our invested capital at the end of the financial year 2016/2017 was EUR 32.5 million, an increase of EUR 3.5 million.


There have been no significant changes in financing and the financing structure in the 2016/2017 financial year. The solvency of the business has fallen from 42.6 percent in 2015/2016 to 41.1 percent in 2016/2017. The current ratio was 1.3 and the quick ratio was 1.3.