ElringKlinger Group (EGKLF.PK) reported 2012 profit before taxes of 123.8 million euros, compared to 136.6 million euros last year. Excluding the exceptional gain recorded in the previous year, earnings before taxes rose 8.7%.
Net income after minority interests was 85.9 million euros, compared to 94.9 million euros prior year. Adjusted for the one-time gain of 16.5 million euros, after taxes, in the previous year, the Group net income after minority interests increased 9.6%.
Sales revenue increased 9.1% to 1.13 billion euros from 1.03 billion euros last year.
ElringKlinger Group targets organic revenue growth of 5% to 7% in 2013. ElringKlinger expects that earnings before interest and taxes, adjusted for one-time effects, will expand at a more pronounced rate than sales revenue. The Group expects adjusted EBIT to range from 150 million euros to 155 million euros in 2013.
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by RTT Staff Writer
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