Preh Inc, Releases Q1 Results and Enters Electric Growth Market
Preh GmbH, Bad Neustadt a. d. Saale, Germany, reports a 30 percent sales growth for Q1/2011, compared to the same period last year. In the first three months of 2011, sales surged to EUR103.4 million, up from EUR78.4 million in Q1/2010.
The company is thus continuing its growth trend of fiscal year 2010, during which automotive sales climbed to a record of around EUR343 million, up from EUR240 million in 2009. In addition, Preh recovered its pre-crisis profitability last year, with EBIT climbing to EUR17.8 million. At year's end 2010, the company's workforce had increased ...