Artego SA operates in the Rubber & plastics hose & belting sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Artego SA with three other
producers of rubber products (except tires) in Europe:
James Halstead plc
of UNITED KINGDOM
(2020
sales of £238.63 million [US$328.24 million]
of which 100%
was Manufacture and distribution of Flooring),
Masterflex Se
of GERMANY
(71.88 million Euros [US$83.39 million]
of which 100%
was High Tech Hose Systems), and
Sanok Rubber Company SA
which is
based in POLAND
(976.07 million Polish New Zlotys [US$247.92 million]
of which 59%
was Automotive Industry).
Sales Analysis.
During the second
quarter of 2021, sales at Artego SA totalled
34.29 million Romanian Leu.
This is
an increase of 57.8%
from the 21.73 million Romanian Leu in sales at the company during the second quarter of 2020.
This was the biggest same quarter rise in sales at Artego SA in the previous 30 quarters.
During the first two
quarters of 2021, sales totalled 73.14 million Romanian Leu, which is
27.8% higher
than through the first two quarters of 2020.
Sales at Artego SA appear to have some seasonality: during each of the previous 8
years, sales have been highest during the fourth quarter, which has accounted for
between 27.2% and 32.2%
of the annual
sales.
Artego SA reported sales of 131.91 million Romanian Leu (US$30.92 million)
for the
year ending
December of 2020.
This
represents
a
sharp
decrease of 27.2%
versus 2019, when the company's sales were 181.09 million Romanian Leu.