BERU AG: BERU's Business Develops as Planned in Q1 2008.LUDWIGSBURG, Germany -- The business of BERU Aktiengesellschaft, Ludwigsburg, developed within the framework of expectations during the first quarter of 2008. The automotive supplier posted consolidated sales revenue of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 123.9 million in the first three months of this year, thus achieving revenue growth of 6.1% compared with the same period of last year(Q1 2007: EUR 116.8 million). Earnings before interest and taxes In financial and business accounting, earnings before interest and taxes (EBIT) is a measure of a firm's profitability that excludes interest and income tax expenses.[1] EBIT = Operating Revenue – Operating Expenses + Non-operating Income (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). )also increased to reach EUR 15.6 million (EUR 14.8 million), representing an EBIT margin of 12.6% (12.6%). 'The stabilization Stabilization The action undertakes a country when it buys and sells its own currency to protect its exchange value. Actions registered competitive traders undertake by on the NYSE to meet the exchange requirement that 75% of their traded be stabilizing, meaning that sell orders of the EBIT margin is partially due to the initial success of the efficiency-enhancing program we started in December 2007,' commented Executive Board Chairman Dr. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs Waldhier. 'We have been able to reduce costs and improve our plants' productivity. However, we will have to continue working on the optimization optimization Field of applied mathematics whose principles and methods are used to solve quantitative problems in disciplines including physics, biology, engineering, and economics. of our processes and structures.' Satisfactory developments in all divisions All three divisions - Diesel Cold Start Technology, Ignition ignition, apparatus for igniting a combustible mixture. The German engineer Nikolaus A. Otto, in his first gas engine, used flame ignition; another method was heating a metal tube to incandescence. Technology and Electronics and Sensors
Aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. business better than in Q1 2007 - Original Equipment progressing as planned Following a weak previous quarter due to the mild winter of 2007, the Aftermarket segment made a better start to this year: sales revenue increased by 7.8% to EUR 33.3 million. In the Original Equipment segment, BERU posted revenue growth of 7.2% to EUR 83.4 million. Higher sales revenue was achieved in particular with the products PTC (PTC, Needham, MA, www.ptc.com) Long a world leader in mechanical computer-aided design, manufacturing and engineering software, PTC, through acquisitions and reorganization, has transformed itself into a leading provider of Internet-based B2B solutions for discrete manufacturers. (auxiliary auxiliary In grammar, a verb that is subordinate to the main lexical verb in a clause. Auxiliaries can convey distinctions of tense, aspect, mood, person, and number. heaters) and TSS See ITU. (tire-pressure monitoring systems). Stronger financial position BERU once again improved its strong financial position. The Group's net financial assets Financial assets Claims on real assets. amounted to EUR 89.4 million at the end of the first quarter, which was EUR 1.5 million higher than at December 31, 2007. Comparison with a year earlier (EUR 104.7 million) is not meaningful because a bank-guaranteed loan of EUR 35 million was granted in the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile . BERU granted this loan to BorgWarner Europe in September 2007. Adjusted for this item, the net financial position amounted to EUR 124.4 million. In the first quarter of 2008, BERU invested a total amount of EUR 5.8 million (EUR 7.1 million), which was fully financed out of the cash flow. Confirmed forecast for 2008 The Executive Board has confirmed the forecasts for full-year 2008. Revenue growth will be of a low single-digit percentage and EBIT of between EUR 40 million and EUR 45 million is targeted. The efficiency-enhancing program decided upon in December 2007 will lead to savings of approximately EUR 2.2 million this year, while savings of around EUR 5 million per annum Per annum Yearly. should be achieved in the medium term. The worldwide workforce had been reduced by about 90 persons in the context of this program by the end of April 2008.
BERU - key figures for the first quarter of 2008 > >
> >
(January 1 to March 31, 2008) > >
> >
on the basis of unaudited figures > >
> >
> >
EUR million > > Q1 2008
Q1 2007
Sales revenue > > 123.9
116.8
Earnings before interest and taxes (EBIT) > > 15.6
14.8
Investment > > 5.8
7.1
Net financial position > > 89.4
104.7
Sales revenue by sales region > >
Germany > > 46.1
39.8
Europe (excluding Germany) > > 53.3
50.4
North America > > 8.5
9.5
Asia > > 11.9
12.5
Rest of the world > > 4.0
4.6
Sales revenue by segment > >
Original Equipment > > 83.4
77.8
Aftermarket > > 33.3
30.9
General Industry > > 7.2
8.1
Sales revenue by division > >
Diesel Cold Start Technology > > 45.8
43.6
Ignition Technology > > 34.4
34.3
Electronics and Sensors > > 43.7
38.9
Number of employees* > > 2,461
2,580
> >
> >
> >
> >
*At March 31 > >
Language: >
English
Issuer: >
BERU AG
>
Morikestr. 155
>
71636 Ludwigsburg
>
Deutschland
Internet: >
www.beru.de
|
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion