Pankl Announces Earnings and Sales Growth

IndustrialsAutomotive ♦ Published: May 16, 2011; 11:16 ♦ (Vindobona)

Pankl Racing Systems AG records a 13.6% increase in revenues. EBIT improved by 40% from € 2.5m to € 3.5m.

Pankl Announces Earnings and Sales Growth / Picture: © Pankl

The turnaround which started in the previous fiscal year continued to gather pace in the first quarter. Pankl Group increased revenues by 13.6% from € 25.7m to € 29.2m. This growth was primarily due to strong demand for the motor racing engine components of Pankl Engine Systems in Bruck and CP Carrillo in Irvine. Also the aerospace business of Pankl Aerospace in…