the third quarter of 2009 from revenues and cost recovery

onlinelife — Wed, 04 Nov 2009 09:06:39 +0000

Upturn in demand during the year
In the U.S. in the first nine months increased by 42.9% and in
Total Europe by 21.1% decline in passenger car production resulted in these
Regions of lower demand and falen earth chips. On the other hand could
ElringKlinger Group in Asia – and particularly in China —
sales continue to increase. In China are currently two new
Plants built.

From the second quarter tended to be a revival of
Demand significantly. Despite the continued weakness of the
Truck business and declining demand in the ElringKlinger
Kunststofftechnik GmbH in the field of mechanical engineering
laid the consolidated revenues in the third quarter compared with the
second quarter of 2009 to 13.1 million euros to 151.3 (173.8) million.
Compared to the third quarter of last year the turnover was still
by 12.9% return.

For research and development, inter alia in fuel cells and
Battery components and diesel particulate filter project, turned
The ElringKlinger Group in the first nine months of 2009 with
28.7 (25.2) million euros more than 13.9% in
Year earlier. Investments in
Tangible assets of 60.5 (85.5) million was the
Emphasis on rationalization and expansion of
Asian business.

Cost lowering breakeven
The ElringKlinger Group on the fierce market slump
already in late autumn 2008 with a comprehensive
Cost reduction program responds. The resulting
Cutting effects were during the first nine months of 2009
increasingly into play. Moderate material prices and the
Hedge the price of alloy surcharges for stainless steel fallen earth
have during the year was also positive for the progressive
Improvement in gross margins contributed to the 22.6% in
first quarter in the third quarter was 29.5% (30.0%)
reached.

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the third quarter of 2009 from revenues and cost recovery