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BERU AG Publishes Results for the First Half of 2009.

Publication: Electronics Newsweekly
Publication Date: 16-SEP-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
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 only possible to a limited extent due to the changes in the consolidated group (integration of French subsidiaries into the BorgWarner Group in December 2008). BERU achieved a profit for the period of EUR 6.5 million (EUR 12.3 million). Earnings per share for the first...

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