GELSENKIRCHEN, Germany—Masterflex S.E., a manufacturer of polyurethane and plastic hoses, has enjoyed its best sales in more than a decade, according to CEO Andreas Bastin.
The company said its third quarter sales improved 'dynamically' and reached $20.4 million, an increase of 10.3 percent compared on the same quarter in 2012.
According to the company, it had a turnover of $59.4 million during the first nine months of 2013, growing 5.1 percent.
"Our international activities in America and Asia have been a significant contributing factor, and it shows that our internationalization strategy is proving to be effective." Basin said.
The company's reported operating income of $6.3 million, and resulting margin of 10.5 percent, mainly reflects the staffing costs of expansion in Asia, the company said.