— By Plasteurope.com staff — 

Austrian automotive supplier Polytec (Hörsching; www.polytec-group.com) reports that its H1 figures are back in the black. At the same time, it announced further cost-cutting measures, with plans to shutter its facility at Idar Oberstein, Germany, by the end of 2026.

The move affects around 250 of the company’s employees, which represents just under 7% of its total workforce of some 3,600.

Polytec cites “significant declines in call-offs, the expiry of key customer projects, and an increasingly difficult-to-predict market environment in the Painted Exterior product area” as reasons for the planned closure. The company manufactures painted plastic exterior parts and modules at the facility, which it acquired from then-insolvent Wayand in 2019.

Related: Clepa reports major job losses in Europe in Q1 2025

In the first half of 2025, the Austrian supplier posted a net profit of EUR 1.4 mn, compared with a loss of EUR 2.7 mn a year earlier. Sales rose 2.3% year-on-year to EUR 357.6 mn, largely on the back of higher tooling and development revenues, while operating profit jumped 60% to EUR 5.6 mn.

In its main segment, Passenger Cars & Light Commercial Vehicles, sales grew 5.7% to EUR 270.3 mn, while turnover in the smaller Commercial Vehicles division edged slightly lower to EUR 50.4 mn. The company’s Smart Plastics & Industrial Applications unit suffered a 15% drop in revenue to EUR 36.9 mn.

Over the past 12 months, Polytec had already reduced its workforce by 7.7% to 3,600 employees. Net financial liabilities rose nearly 23% to EUR 52.1 mn, which the company primarily attributed to higher working capital.

For full-year 2025, CEO Markus Huemer and his board confirmed their existing forecast of revenue between EUR 650 mn and EUR 700 mn, with an EBIT margin of 2%-3%.