ElringKlinger profits jump in year to December

ERJ staff report (DS)

Dettingen/Erms, Germany -- The ElringKlinger Group saw its sales revenue for the 12 months to 31 December 2011 expand by 29.8 percent to EUR 1,032.8 (795.7) million. The Group's operating result stood at EUR 151.1 (116.0) million, thus exceeding the previous year's figure by 30.3 percent. Net income after minority interests rose at a more pronounced rate, up 44.7 percent to EUR 94.9 (65.6) million.

The Group's operating result rose by EUR 35.1 million year on year to EUR 151.1 (116.0) million in fiscal 2011. This figure includes revenues from an industrial park sold during the year. Without this item, the operating result including the write-downs in connection with purchase price allocations would have been EUR 128.4 million.

Based on the assumption that global vehicle production will continue to expand slightly, the ElringKlinger Group anticipates organic revenue growth of 5 to 7 percent in 2012.

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Press release from ElringKlinger