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Growth based on performance |
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Thursday, 06 December 2007 |
Bertrandt records above-par revenue and earnings increases
The Bertrandt Group maintained its uptrend in the 2006/2007 financial year. The provider of development services to the international automotive and aviation industries demonstrated dynamic growth with an increase in revenues of 40.8 percent to € 339.5 million and EBIT doubled to € 32.3 million. Earnings after income taxes reflected this sustained growth, rising to € 22.2 million. The total number of employees was also up in the period under report. Bertrandt succeeded in further extending its position in the market with a resolute focus on customer wishes and forward-looking tackling of target markets.
Bertrandt is growing in all areas of work
“We are recording consistent growth throughout the Group,” said CEO Dietmar Bichler at today’s balance sheet press conference in Stuttgart. Classic development work involving body shells, interiors and exteriors is growing strongly, as are the specialist areas of electronics, supporting services and testing. In addition, the Company forged further ahead with building up expertise in current focal areas. “We benefited more than average from the market growth, especially in the core market of Germany, thanks to our broad range of services and high quality results,” Bertrandt’s CEO added. Bichler held out the prospect of further appreciable growth for the current financial year.
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Bertrandt’s consolidated, IAS-based
financials
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2006/2007 |
2005/2006 |
| Revenues (EUR ‘000) |
339,528 |
241,107 |
| EBIT (EUR ‘000) |
32,306 |
14,328 |
| Earnings after income taxes (EUR ‘000) |
22,212 |
7,819 |
| Free cash flow (EUR ‘000) |
21,168 |
13,378 |
| Equity ratio |
44.3 % |
46.4% |
| Earnings per share (EUR) |
2.20 |
0.78 |
| Dividend (EUR) |
0.80 |
0.30 |
| Number of employees worldwide |
4,708 |
3,577 |
Higher dividend proposed for the 2006/2007 financial year
Based on the results generated, the Management Board and the Supervisory Board will make a proposal to the annual general meeting on 13 February 2008 to pay a significantly higher dividend of € 0.80 per dividend-entitled share (€ 0.30 in the previous year). The dividend would thus have more than doubled year on year.
Bertrandt creating and filling new jobs in Europe
The Company's uptrend is also reflected in its recruitment. On 30 September 2007, the Bertrandt Group employed 4,708 people, up from 3,577 one year earlier. Bichler is confident about the Company's ability to recruit the engineers and technicians needed for further growth: “As an attractive employer and a high-growth company, we are confident that in future we will be able to attract high-quality staff to Bertrandt by offering demanding work.” The Company is currently advertising more than 300 vacancies in all areas of development work. Bertrandt spent € 4.5 million on further training in the period under report, significantly more than in the previous year.
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