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Wuerth's revenue and profits fall in 2005

Wuerth Kft, the Hungarian unit of German tool maker Wuerth GmbH had revenue of Ft 5.77 billion and pre-tax profit of Ft 477.5 million in 2005, down from revenue of Ft 5.8 billion and pre-tax profit of Ft 600 million in 2004, marketing manager Ágnes Vörös announced on Sunday.

In 2006, Wuerth expects revenue at the unit to increase 10%, but profits to fall further, Vörös said. She added that revenue was up 7% in January-February compared to the same period a year earlier, and profits also rose.
Wuerth employs 400 people at its 2,500 square meter plant in Budaörs, on the outskirts of Budapest.