CEAG AG: Interim Statement After First Nine Months 2008
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| 11/05/2008 |
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| CEAG AG: Interim Statement After First Nine Months 2008 |
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Summary and overall assessment after nine months
Sales of the continuing operations unit FRIWO Power Solutions (FPS) increased after nine months from 21.8 million pieces to 22.4 million pieces – slight decline of revenue and EBIT due to the dollar's weakness.
The Group's earnings after tax of EUR 11.1 million after nine months exceed the prior year (EUR 6.3 million) due to the sale of the business unit FRIWO Mobile Power (FMP)
Reorganization and streamlining of management and holding company structures
Comparatively less cyclical sensitivity due to versatile market presence
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