ElringKlinger improves sales, profits in first half

ERJ staff report (DS)

Dettingen/Erms, Germany -- The ElringKlinger Group has reported growth in sales and earnings in the first six months of 2008. Despite sluggish automobile markets in North America and Western Europe, group sales increased by 13.0 percent to Euro 350.2 (310.0) million. The recently acquired Swiss-based SEVEX Group as well as the 50 percent holding in ElringKlinger Marusan Corp., Japan, contributed to sales and earnings on a pro rata basis for the first time as from the second quarter. In the second quarter, ElringKlinger increased Group sales by 19.4 percent to Euro 187.4 (157.0) million.

ElringKlinger said The largest percentage gains were achieved in Asia. Demand for products designed to assist with CO₂ reduction and fuel efficiency developed well. Growth rates were particularly solid within the product groups of specialty gaskets for the exhaust tract, lightweight plastic modules and thermal shielding components.

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Press release from ElringKlinger