ERJ staff report (DS)
Dettingen/Erms, Germany -- ElringKlinger Group saw its sales revenue expand by 33.8 percent to EUR 244.5 (182.7) million in the first quarter of 2011. The increase was due in large part to the recently acquired metal flat gaskets business from the Freudenberg Group. The Group's operating result rose by 39.7 percent to EUR 32.7 (23.4) million. ElringKlinger propelled net income after minority interests by 52.9 percent to EUR 20.8 (13.6) million.
ElringKlinger said it recovered well from the adverse effects of the sales crisis previously blighting the international vehicle industry.
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Press release from ElringKlinger