Prum-Garant Holding Increased Its Net Turnover in The 2012 Financial Year by 7.4%

According to the business report published in the electronic Federal Gazette, Prüm-Garant Holding, which is classified in the doors business division of Looser Holding, increased its net turnover in the 2012 financial year by 7.4% to €155.4m. Gross turnover, which includes reductions in revenue to the amount of €16.8m, increased by 8.1% to €172.2m. Of this sum €156.6m was generated in the domestic market. This reflected an increase of 8.7% vis à vis the previous year. Export turnover increased by 3.3% to €15.7m. In this context it was possible to compensate the negative development in the Swiss market by growth in Belgium, France and Austria. Improvements in the domestic market nevertheless mean that the export quota declined to 9.1%. The overall turnover increase achieved, according to the company which supplies the specialised trade, whole trade and retail outlets exclusively, was due to the expansion of business with existing customers, acquisition of new customers as well as the expansion of contract business. Prüm-Garant Holding estimated the turnover increase to be significantly higher than the general market growth rate. A further contribution to this development, despite constant price pressure from competitors, were the company's average sales prices which were significantly higher than those otherwise prevalent on the market. The gross value of incoming orders increased by 7.9% to €174.7m in the 2012 financial year.