COIL’s revenue dips 6.6% in the third quarter of 2017
COIL, the world leader for aluminium anodising, announced its revenues for the third quarter and first nine months of 2017. The company’s revenues were down in July- September period when compared with the same period of 2016, but the revenue in the quarter was higher than the second quarter of 2017.
The company’s revenue dropped to €8.4 million in the third quarter of 2017, from €9 million in the corresponding period last year.
COIL said revenues in the first nine months of 2017 fell 7 per cent to €22.8 million from €24.5 million in the first nine months of 2016.
The company confirmed its full-year target of posting higher revenues of nearly €30 million in 2017.
In September, COIL had inaugurated a new advanced line at its Bernburg site in Germany. The facility will enable the company to meet the growing demand for thick-gauge anodised aluminium. Line 6 will handle aluminium coils up to 2 m wide and 3.5 mm thick for all the finishing and colour ranges.
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