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    EANS-Adhoc  479  0 Kommentare ElringKlinger with double-digit growth in sales and EBIT in Q2 2012

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    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
    adhoc with the aim of a Europe-wide distribution. The issuer is solely
    responsible for the content of this announcement.
    --------------------------------------------------------------------------------

    03.08.2012

    Dettingen/Erms, August 3, 2012 +++ Unfazed by the anemic state
    of western European car markets, the ElringKlinger Group managed
    to propel sales and earnings forward significantly in the first
    six months of 2012. The Group expanded its sales revenue
    worldwide, up 14.2% to EUR 569.8 (498.9) million. In the second
    quarter 2012 - operating from a higher comparative base than in
    Q1 - ElringKlinger saw revenue increase by a solid 12.4% to EUR
    286.0 (254.4) million. Despite the as yet tangibly weaker profit
    margins recorded by its recently acquired entities, the
    ElringKlinger Group posted a disproportionately large increase
    in earnings before interest and taxes (EBIT) in the first half
    of 2012, up 22.9% to EUR 75.6 (61.5) million. In the second
    quarter EBIT rose by 29.4%, reaching EUR 38.3 (29.6) million.

    Buoyed by solid demand for new vehicles in the emerging markets
    and North America, together with product ramp-ups and the first-
    time contributions made by acquisitions, sales in the Original
    Equipment segment, which generates the largest share of revenue
    for the Group, increased by 15.8% to EUR 458.0 (395.5) million.

    Consolidation of acquired entities contributes EUR 16.9 million
    to revenue

    The inclusion of the acquired Hug Group, the Hummel-Formen Group
    as well as Hug supplier ThaWa GmbH in the scope of consolidation
    of the ElringKlinger Group contributed a total of EUR 16.9
    million (EUR 7.7 million in Q2) to Group sales in the first half
    of 2012. These entities had not been included in the scope of
    consolidation in the first half of 2011 or had only been
    consolidated on a pro-rata basis. At minus EUR 2.9 million
    (minus EUR 0.7 million in Q2), their contribution to earnings
    before taxes was negative in the first half of 2012, which was
    mainly due to the earnings performance of the Hug Group.
    Adjusted for the contributions by the consolidated entities,
    organic revenue growth at Group level amounted to 10.8%.

    In the first six months of 2012, Hug diluted earnings before
    taxes by minus EUR 2.9 million, despite a gradual improvement in
    its performance. By contrast, the earnings situation of the
    former Freudenberg companies improved visibly. They had been
    acquired effective from January 1, 2011, and had thus been
    included fully in the scope of consolidation in the first half
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    EANS-Adhoc ElringKlinger with double-digit growth in sales and EBIT in Q2 2012 ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the …

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