Pankl Announces 2009/10 Results

IndustrialsIndustrial Goods ♦ Published: November 22, 2010; 11:33 ♦ (Vindobona)

The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.

Pankl Announces 2009/10 Results / Picture: ©

In the first 12 months of the fiscal year 2009/10, revenues of Pankl Racing Systems AG amounted to € 87.6m, which was 1.6% below the value of the previous fiscal year. In 2009/10H1, the group was affected by the difficult economic environment and suffered declines in revenues and earnings. In the second half of the fiscal year the group experienced growth in the high performance…