Bertrandt's performance remains upbeat

Revenues and earnings up in the first quarter of fiscal 2011/2012

(PresseBox) ( Ehningen, )
With its customer and branchoriented approach to the market, engineering services provider Bertrandt has systematically continued on a growth trajectory in its new fiscal year. In the first quarter of fiscal 2011/2012, its revenues were up 27.8 percent, rising to EUR 161 million (previous year: EUR 125.9 million). Operating profit also increased to EUR 15.5 million in the year under review (previous year EUR 12.1 million). Net profit after taxes came to EUR 10.8 million (previous year EUR 8.6 million). The number of employees rose to 8,984 as of 31 December 2011 (previous year 7,017).

Intact market drivers providing more development work

"With numerous innovations and technological challenges, the automotive industry is offering an attractive environment for engineering service providers to operate in," explains CEO Dietmar Bichler. "Efforts to reduce CO2 emissions alongside current safety and comfort aspects are boosting the development market. We have also benefited from the increased demand in our new fiscal year,"

Bichler adds. In addition, rising model and version diversity has been spurring Bertrandt's growth. Bertrandt posted revenues of EUR 161 million in the period under review (previous year EUR 125.9 million), equivalent to an increase of 27.8 percent.

Operating profit climbed by 27.9 percent to EUR 15.5 million (previous year EUR 12.1 million), equivalent to a margin of 9.6 percent (previous year 9.6 percent). Net profit after taxes came to EUR 10.8 million (previous year EUR 8.6 million).

CEO Dietmar Bichler is committed to further enhancing Bertrandt's enterprise value in the future on the basis of its solid business foundations. "Our aim is to systematically pursue our strategy of growing in the automotive and aviation industries, in the energy, medical and mechanical engineering as well as electrical engineering sectors."

Bertrandt creates 381 new jobs

Bertrandt continued to recruit new employees in the first quarter of fiscal 2011/2012. As of 31 December 2011, the Group had 8,984 employees, an increase of 1,967 over the same period one year earlier (7,017 employees as of 31 December 2010). The number of employees rose by 381 over the end of the previous fiscal year (8,603 employees as of 30 September 2010). The latest information on job vacancies can be found in the "Careers" section of Bertrandt's website at www.bertrandt.com.
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