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BERU AG Publishes Results for the First Half of 2009.

Publication: Business Wire
Publication Date: 31-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
LUDWIGSBURG, Germany -- The BERU Group, Ludwigsburg, posted revenue of EUR 143.9 million in the first half of 2009. Due to the worldwide slump in unit sales of automobiles, revenue was 37.5% lower than in the prior-year period (EUR 230.4 million). Profit on ordinary activities (EBIT) amounted to EUR 4.5 million (EUR 15.8) million, equivalent to an EBIT margin of 3.1% (6.9%). BERU prevented EBIT from falling at an even faster rate by consistently taking measures to reduce costs and increase efficiency.

A comparison with the prior-year period is...

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