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Pankl Announces Strong Earnings Growth
The Austrian automotive component supplier achieved a 17% growth rate in revenues. EBIT was up by 85%.
Pankl Announces Strong Earnings Growth / Picture: © Vindobona.org
In the past fiscal year, the company achieved the second highest revenues in its corporate history. Consolidated EBIT improved by 85% to € 7.0m. This significant improvement was primarily due to the extension of the motor racing season and the favourable general economic environment in the automotive and aerospace industries.
Racing/High Performance Segment revenue increases…
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