Baden-Württemberg: floor specialist Uzin Utz with more sales and less profit

Ulm (dpa/lsw) - The manufacturer of floor laying systems Uzin Utz made significantly less profit in the first nine months of this year.

Baden-Württemberg: floor specialist Uzin Utz with more sales and less profit

Ulm (dpa/lsw) - The manufacturer of floor laying systems Uzin Utz made significantly less profit in the first nine months of this year. The result from January to the end of September was 22.2 million euros, more than 5.5 million euros below the same period last year, as the Ulm-based company announced on Tuesday. The decline is due to increased raw material prices and transport costs. "Price increases could not be passed on to the full extent," it said.

Uzin Utz increased the group turnover by more than 40 million euros to 370.5 million euros compared to the same period. The company assumes that earnings in the fourth quarter will continue to be impacted by the high prices for raw materials and logistics and will therefore be significantly lower than in 2021.