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Strong Rise in Profits for Pankl

Published: February 20, 2012; 11:45 · (Vindobona)

The Austrian producer of automotive and aeronautic components expects further revenues growth and EBIT improvement in 2012.

Strong Rise in Profits for Pankl / Picture: © Pankl

Pankl presented preliminary figures for 2011 today. Consolidated revenues increased by 17% to € 105.4m. EBIT increased by 85% to € 7.0m or 7% of revenues. "These figures again confirm the sustainable upward trend which the Group experiences", the company emphasized.

According to Pankl the major factors were the favourable development of the automotive industry resulting in…

This article includes a total of 169 words.

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