ERJ staff report (DS)
Dettingen/Erms, Germany -- Fiscal 2010 saw the ElringKlinger Group recover well from the crisis-induced effects of sluggish sales within the international automotive industry, with revenue up 37.4 percent to EUR 795.7 (579.3) million based on provisional figures.
Despite one-off charges, the Group's operating result stood at EUR 116.0 (63.3) million, thus exceeding last year's figure by 83.3 percent. Net income after minority interests grew by 97.6 percent to EUR 65.6 (33.2) million.
In conjunction with several new product start-ups, the surprisingly dynamic expansion of production output within the automobile sector led to particularly strong growth in the Original Equipment segment. Original Equipment recorded a 45.1 percent increase in sales, taking its total to EUR 606.9 (418.2) million.
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Press release from ElringKlinger