Tuesday, December 6, 2016

Adria Tehnika sees improved results

NEWS FLASH


The Slovenian aircraft maintenance company Adria Tehnika says it is happy with its results a year after being purchased by its Polish industry peer Linetech Holding. Current projections show that Adria Tehnika will generate 23.5 million euros in revenues this year, which is in line with expectations, but lower than last year's 24.4 million euros. However, projections also show that it will make 3 million euros in earnings before interest, tax, depreciation and amortization (EBITDA), which is an increase from last year's 2.3 million. As a result of a five-year deal to service easyJet aircraft, the company believes it will increase revenue to 26 million euros in 2017. Last November, the owners of Adria Tehnika signed an agreement to sell the firm to Linetech Holding in a deal unofficially worth 2 million euros. Since the change in ownership, Adria Tehnika has expanded its maintenance services to north-western Europe and has increased its workforce. It aims to employ more workers next year, especially in operational maintenance."Current business results show that despite last year's change in ownership we were able to stay on the right track and forge a good partnership with Linetech", Adria Tehnika's CEO, Maksimiljan Pele, said.

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