Tognum Posts Strong First-Half (Germany)

The specialist for propulsion and power solutions Tognum continues its positive performance in the first half-year: the company achieved significant increases in order intake, revenues and adjusted EBIT.

At the end of this strong first half-year, Tognum confirmed its forecast for the year that had been specified in May 2011. The company continues to expect revenues of around €2.9 billion for the full year and an adjusted EBIT of around €300 million.

“Tognum has again been able to benefit fully from the economic upswing in the second quarter,” explained Volker Heuer, CEO of Tognum AG. “As a broadly diversified system provider, we will continue to enjoy above-average benefit from the positive overall economic situation in a large number of markets. For 2011, we are very confident that we will meet our forecast for the year.”

[mappress]

Source: Tognum, August 4, 2011;