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Written by Chelsey Drysdale
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Tuesday, 13 March 2012 15:17 |
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OULU, FINLAND – PKC Group today reported 2011 net sales of 550.2 million euro, up 74% year-over-year.
Operating profit for the year reached 34.5 million euro, up 16.2% compared to 2010.
Profit before taxes was 29.4 million euro, up 17.6% year-over-year.
The electronics business accounted for 13.3% of consolidated net sales, while the wiring systems business accounted for 86.7%.
Demand for automotive electronics grew, the firm says, and new customers were acquired in industrial electronics and in environmental and measurement technology fields.
Ed: euro 1 = US$1.3062
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