BERLIN, July 6 German automotive supplier
ElringKlinger is targeting continuing sales and
profit growth this year, benefiting strongly from improving car
markets in the United States, Wirtschaftswoche reported on
Saturday, citing chief executive Stefan Wolf.
Company sales may increase between 5 and 7 percent to almost
1.2 billion euros ($1.54 billion), the magazine quoted Wolf as
saying. Earnings before interest and tax may grow
"disproportionately" to between 150 and 155 million euros, the
Growth in the U.S. and China, the world's two biggest auto
markets helps vehicle manufacturers offset plunging business in
Europe where the car market is nearing a two-decade low after
five years of contraction.
($1 = 0.7792 euros)
(Reporting by Andreas Cremer; edting by James Jukwey)