Frauenthal Increased Revenues and Earnings in 2011
The Austrian automotive supplier raised revenues by 9%, EBIT was up by 3.8%.
The Frauenthal Group said it reached one of the best sets of results in its history, with revenue 9% up year on year at € 587.9m and EBIT 3.8% higher at € 22.5m. EBITDA rose on the back of a positive earnings performance from the Wholesale Plumbing Supplies Division and a 5% gain in revenue to € 36.0m combined with lower costs in the Automotive Components Division. The equity ratio dropped from 30.8% to 27% because excess liquidity from the bond issue and overall sales growth expanded the balance sheet.