French Atrya targets revenue of EUR 410m in 2011 - report

Dec 8, 2011 - French industrial woodwork group Atrya eyes revenue of EUR 410 million (USD 549.6m) in 2011, up 12% on the year, thanks to the performance of its renewable energy division, which is seen to grow by 50%, French daily Les Echos said.
In the medium term, this activity will account for 30% of the total revenue, CEO Johannes Tryba said.
Last month, Atrya acquired Belgian solar panels maker ESE, thus increasing the number of its renewable energy units to five.
The company plans to invest EUR 60 million by 2015 to improve and modernise equipment at its 18 plants.
Out of the total amount, the site of Gundershoffen, northeastern France, will benefit from an investment of EUR 15 million.

(EUR 1.0 = USD 1.341)

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