Ebersp„cher: First half with solid growth

Date: 18 September 2001
Source: Eberspaecher
In the first half of 2001, Ebersp„cher, the Esslingen-based automotive sup-plier (auxiliary heaters, exhaust systems) has achieved double-figure growth.

As at 30.06. the international group of companies has performed well, re-cording sales of 1.57 bn DM [0.80 bn ?] up 33 % on the previous year when sales had totalled 1.18 bn DM [0.60 bn ?]). This trend is confirmed by in-coming orders which are on a similar scale putting them about 25 % ahead of the previous year's figure. Even when the high proportion of noble metals inside the catalytic converters is taken into account, the company's perform-ance has still advanced by around 15%. Since automotive demand is difficult to predict, Ebersp„cher expects around 10% own growth for the year as a whole. The workforce currently numbers more than 5000 people.

The good order situation in spite of a somewhat subdued demand for cars is mainly attributable to above-average sales of premium vehicles by German manufacturers. These cars account for the bulk of exhaust system deliver-ies. In the area of vehicle heaters, the high European demand for diesel ve-hicles is making itself felt. Such vehicles are often equipped with an auxiliary heater to counter their heating performance deficit.

Upgraded programmable auxiliary heaters should ensure that a higher pro-portion of cars will be equipped with this comfort feature. However, the fact that commercial vehicle registrations world-wide are contracting also has an adverse effect on heater sales. Exhaust systems for tomorrow's more fuel efficient engines are promising developments. The Development Centre for Emission Technology based outside Detroit will be operational at the start of 2002.

600450 Ebersp„cher: First half with solid growth glassonweb.com
Date: 18 September 2001
Source: Eberspaecher

See more news about:

Others also read

Nancy Adkins, a logistics load planner at Atofina Chemicals, will represent the Union Pacific Railroad Company in the Olympic Torch Relay.
Rohm and Haas Company said it expects to report fourth quarter operating results of $.19 to $.21 per share, in line with the current First Call consensus of $.21 per share. Chairman Raj L.
Italian glass manufacturer Venini is once again in Italian hands. The company, which was acquired by Danish giant Royal Scandinavia in 1998 from the Gardini family, has been acquired by Italian Luxury, the company set up as part of a strategic alliance between Venice-based businessmen Giancarlo Chimento and Giuliano Tabacchi.Italian Luxury was assisted in the operation by Milan-based merchant bank Mediobanca.
Dear Visitors,GlassOnWeb's News service is taking a break during the holiday season!The News service will resume January 2nd 2002.
Dr. L. Louis Hegedus, senior vice president, research and development for Atofina Chemicals, Inc., has announced that 24 researchers from the Company’s research center have been granted patents for 2000 and 2001 from the U.S.
At a ceremony in Paris, the French Minister of Environment, Yves Cochet, presented to Rohm and Haas Lauterbourg the “Entreprises & Environnement” first Prize award in the field of eco management.

Add new comment