Pankl: Earnings Nearly Tripled in Q2

IndustrialsAutomotive ♦ Published: August 22, 2011; 10:29 ♦ (Vindobona)

The Austrian component supplier increased revenues by 14.7% in the first six months of the year. EBIT improved by 55% from € 3.1m to € 4.8m.

Pankl: Earnings Nearly Tripled in Q2 / Picture: © Pankl

Pankl Racing Systems AG reported half-year results on Monday. Developments during the reporting period confirmed the growth estimates for the company. In 2011 Q2, revenues increased by 16.1% to € 25.8m (2010Q2: €22.2m). In the first 6 months of the fiscal year 2011, revenues increased by 14.7% from € 47.9m to € 54.9m. Racing/High Performance Segment revenues increased by 15.3%…