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ElringKlinger AG Max-Eyth-Str. 2 72581 Dettingen / Erms, Germany http://www.elringklinger.de
Contact Mr Stephan Haas +49 7123 724137
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ElringKlinger AG

Sales at ElringKlinger up 40% year-on-year after first nine months

(PresseBox) (Dettingen / Erms, )
The ElringKlinger Group increased its consolidated sales by 39.8% to EUR 586.2 (419.2) million in the first nine months of 2010. The sustained recovery of vehicle markets, in conjunction with new product start-ups and the Group's strong positioning in Asia, had a positive impact on business. Improved capacity utilization at production level and continued cost streamlining helped to propel earnings before interest and taxes (EBIT) by 99.8% compared to the heavily crisis-affected first nine months of 2009, taking EBIT for the period to EUR 85.7 (42.9) million. The third quarter of 2010 saw revenue increase by 33.8% to EUR 202.5
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