Pankl Racing Systems AG: Doubling Profits, Stagnating Sales

Industrials › Industrial Goods ♦ Published: February 22, 2011; 00:03 ♦ (Vindobona)

The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.

Pankl Racing Systems AG: Doubling Profits, Stagnating Sales / Picture: © Pankl

In the extraordinary shareholder meeting held on 29 July 2010, the resolution was passed to change the balance sheet date from 30/9 to 31/12. As a result, the reporting period 2009/10 consists of 15 months.

Due to the cost measures implemented in the previous fiscal year and increasing revenues from Q3 onwards, earnings were increased significantly despite a very weak Q1. In the…

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