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RSS FeedsMAHLE positions itself for the future
(World News Brazil)

 
 

26 april 2017 13:07:25

 
MAHLE positions itself for the future
(World News Brazil)
 


Changes in the consolidation group to the amount of EUR 529 million contributed to the substantial growth in sales in 2016. `This is because the full-year sales from Delphi Thermal and Kokusan Denki-now called MAHLE Electric Drives Japan-which were acquired on June 30, 2015, were disclosed for the first time in the period under report,` explained Michael Frick, MAHLE`s CFO. Exchange rate effects had a negative impact of EUR 104 million. Even excluding acquisition and exchange rate effects, the group recorded significant growth of 3.4 percent, thus exceeding the growth rates of the past few years. The EBIT ratio was 3.8 percent, which corresponds to income before taxes and interest of EUR 473...


 
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