Annual Figures Show Beru TPMS to be Company Drawcard
Automotive ignition and electronics specialist Beru AG has reported that its Group revenues increased by 7.1 per cent to 439 million euros during the year to December 31, 2006. The company’s newest division, Electronics and Sensor Technology – under which the Beru Tire Safety System (TSS) is produced – posted substantial revenue growth during the year, with Group EBT totalling 53.5 million euros in 2006, as apposed to 32 million a year earlier. Net profit after minority interest increased to 43 million euros, compared with 19.5 million in the nine-month period of short financial year 2005 (April 1 – December 31, 2005). Earnings per share amounted to 4.30 euros.
The division achieved BERU’s strongest growth rate of 31.6 per cent with sales revenues of 135.8 million euros. This was primarily a result of revenues from sales of tyre pressure monitoring systems, which more than doubled from 21.9 million euros to 46.5 million euros.