ElringKlinger announces higher sales, profits for Q1

ERJ staff report (DS)

Dettingen/Erms, Germany — The ElringKlinger Group increased sales by 6.4 percent, to Euro 162.8 million in the first quarter of 2008, while profit (EBIT) improved a little faster, rising to Euro 29.2 million from Euro 27 million in the period.

ElringKlinger said this had been achieved despite slow markets in many of its key sales regions.

At EUR 23.9 (14.1) million, the Group invested significantly more in property, plant and equipment over the course of the first three months of 2008…

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