Linamar Hungary had revenue of HUF 28.06 billion for all of 2010, up 22.5% yr/yr, posting after-tax profit of HUF 148 million for the year, down 55.1% yr/yr. Linamar generated 77% of the company’s 2010 revenue from its automotive-industry branch and 23% of the company’s revenue from its farm-machinery branch.
Export revenue grew HUF 4.5 billion to HUF 23.3 billion in 2010. The company’s operating profit dropped 13.6% to HUF 389.7 million in 2010. EPS was HUF 17 in 2010, compared to HUF 38 in 2009. Canada’s Linamar Corporation owns more than 99% of Linamar Hungary. Linamar Hungary’s shares trade in the A-category at the Budapest Stock Exchange.
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