BERU Achieves Double-Digit Revenue Growth in First Quarter.LUDWIGSBURG, Germany -- On the basis of preliminary figures, BERU Aktiengesellschaft, Ludwigsburg, increased its total sales revenues in the first quarter of the current financial year 2005/06 (April 1 to June 30, 2005) by 14.5% to 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. 97.9 million (Q1 2004/05: EUR 85.5 million). This extremely strong growth in sales revenues in the first quarter is primarily a result of new product startups in the core division of Diesel Cold Start Technology and in the youngest division of Electronics and Sensor Technology. The main growth drivers were Instant Start Systems (ISS ISS See Institutional Shareholder Services (ISS). ) and 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 heating systems for new models launched by German and American manufacturers. The European aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. business also contributed to the positive business trend. In this context, BERU's Executive Board Chairman Marco von Maltzan once again confirmed the guidance for the full year. The Group plans to achieve growth in sales revenues at a high single-digit percentage in its current financial year. The goal is for operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. (EBIT EBIT See: Earnings Before Interest and Taxes EBIT See earnings before interest and taxes (EBIT). ), adjusted to exclude the exceptional effects in the prior year, to increase at the same rate as sales revenues. BERU considers itself well positioned with its strong product pipeline, but expects weaker growth in the coming quarters in view of only moderate growth in demand for automobiles combined with an increasingly competitive environment and more aggressive pricing. As shown in the financial calendar of BERU AG, the full results for the first quarter of the current financial year 2005/06 (April 1 to June 30, 2005) are due to be published on August 18, 2005. BERU AG Morikestr. 155 71636 Ludwigsburg Deutschland ISIN: DE0005072102 (MDAX) WKN: 507210 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Dusseldorf, Hamburg und Munchen |
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