Polytec Holding AG provided preliminary results for the full year 2016. The company said that its sales revenues increased by around 4% to EUR 650 million, while provisional EBITDA amounted to approximately EUR 80 million. This corresponds with an increase over the preceding year of some EUR 20 million and an EBITDA margin of roughly 12%. As compared to the previous year, EBIT was up by some 40% at EUR 52 million, which represents an EBIT margin of around 8%. As a result of the significant improvement in the earnings situation, during the 2016 financial year net debt was cut from EUR 99 million as at 31 December 2015 to approximately EUR 70 million as at 31 December 2016. In the same period, the provisional figure for equity was raised by roughly EUR 20 million to about EUR 190 million.