Italy: Magneti Marelli’s Q1 profit surges 79%

Magneti Marelli has reported a strong start to 2011, its Q1 revenue increasing 16.7% to €1,486m (US$2.12bn) from €1,273m in the opening quarter of 2010, and its trading profit surging just under 79% to €34m (margin of 2.3%) from €19m (1.5%). The improvement in earnings was driven by higher sales Subscribe to Automotive World to … Continued

• By Webmaster
• April 20, 2011