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WITTE Nejdek, spol. s r.o. is a Czech Republic-based manufacturer of locking systems, primarily for the automobile industry and a subsidiary of WITTE Automotive Group. With approx. 2,000 employees, the Czech plant in Nejdek is the biggest location within the WITTE Group. The series assembly includes polymer processing, tool and fixture construction, as well as in-house development round off the range of services. Components also from other WITTE Automotive locations are assembled into locking systems at Nejdek.

Finance

WITTE Nejdek has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of in 2015, or of sales. That’s compared to 4.23% average margin seen in last five years.

The company netted in 2015 implying ROE of and ROCE of . Again, the average figures were 9.74% and 6.78%, respectively when looking at the previous 5 years.

WITTE Nejdek’s net debt amounted to at the end of 2015, or of equity. When compared to EBITDA, net debt was x, down when compared to average of 1.13x seen in the last 5 years.