ElringKlinger Group (EGKLF.PK) said it anticipates that 2013 earnings before interest and taxes or EBIT, adjusted for one-time effects, would expand faster than sales revenue. Adjusted EBIT is likely to range from 150 million euros to 155 million in 2013. The company expects to see stagnating to slightly expanding global vehicle production in 2013. Against this background, it would aim for revenue growth ranging between 5 and 7% in 2013.
Inspite of the protracted weakness of the European automotive market, the Group's sales revenue in fiscal 2012 grew by 9.1% to 1.13 billion euros, that was slightly above target.
However, annual earnings before interest and taxes or EBIT totaled 136.0 million euros, down from last year's 148.7 million euros. Adjusted fornon-recurring income from the sale of the Ludwigsburg industrial park in the prior year, EBIT edged up 7.9%. The Group's adjusted net income for the year, after non-controlling interests, climbed by 9.6%.
Benefiting from nearly 4% growth in global vehicle production and a significant number of new product ramp-ups, sales revenue generated in the largest of the Group's segments, Original Equipment, advanced to 906.9 million euros, from 827.2 million euros a year back.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.