Phoenix announces strong growth in sales, profits

Hamburg, Germany–Phoenix AG has announced strong growth in both earnings and sales for the 12 months to December 2004. The company said consolidated turnover of the Phoenix Group came to €1022.7m, 6.0 percent above the comparable figure of the previous year (2003: € 964.9m). Adjusted for the previous year’s sale of the Malaysian hydraulic hose business, the organic turnover growth alone amounted to 6.5 percent. The company said sales to the Automotive sector were 7.8 percent ahead of the previous year’s figure, while technical goods…

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