Germany: ElringKlinger sees EBIT growing 12-15% in 2010

German sealing equipment supplier ElringKlinger has reported a revenue decline of 11.9%, to €579.3m (US$780m) in 2009 although the company remained profitable at the EBIT and net levels, with earnings of €63.3m (margin of 10.9%) and €33.2m, respectively. With regard to the outlook for 2010, the ElringKlinger Group anticipates organic Subscribe to Automotive World to … Continued

• By Webmaster
• March 30, 2010