Company: Hoftex Group
Business: A German company producing yarn and fabrics. They have four divisions: Hoftex Yarn & Fabrics (they brag about using the latest machines from Picanol that I have previously analysed to produce fabrics for book-binding, sunscreen, abrasive belts, v-belts or for protective clothing), Neutex Home Decoration (all kind of decorative fabrics for pillows, curtains etc.), Tenowo Nonwovens (used in several details in for instance cars and smaller parts of clothing, most successful part!) and finally Hoftex Immobilien (they try to rent out their excess office space)
Active: Production is in 11 countries in Europe, North America and in Asia and they claim to make world wide sales...
P/E: 9.7
Comments: Their holding company homepage was horrible. Several links were not working and information was for years not updated on the English site version but happily on the German so I managed to get all info needed. Second thing is that their annual report for 2013 is still not published so this analysis concerns the result from 2008 to 2012.
