ERJ staff report (DS)
Dettingen/Erms, Germany -- The ElringKlinger Group increased its revenue by 30.2 percent to EUR 763.2 (586.2) million in the first nine months of 2011. Ihe sales increase was was driven by continued buoyancy in the demand for cars within the majority of sales regions around the globe as well as new product start-ups in the Original Equipment segment and first-time revenue contributions from the acquisitions made over the course of 2011.
The recently acquired flat metal gaskets business of the Freudenberg Group and the Swiss exhaust treatment specialist Hug contributed EUR 58.9 million to Group revenue in the first nine months of 2011.
In the third quarter of 2011, the ElringKlinger Group saw its revenue grow by 30.6 percent to EUR 264.4 (202.5) million. Its operating result for this period stood at EUR 58.0 (34.0) million.
Although order intake for the third quarter failed to match the record-breaking level achieved in the second quarter of 2011, ElringKlinger said it nevertheless rose significantly compared to the third quarter of 2010, up 20.1 percent to EUR 257.8 (214.7) million. Order backlog within the ElringKlinger Group totaled EUR 440.9 (315.3) million at the end of the third quarter. This corresponds to a year-on-year increase of 39.8 percent.
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Press release from ElringKlinger