HANAU, Germany, May 11, 2012 /PRNewswire-Asia/ --
The Hanau-based Heraeus precious metals and technology Group in 2011 once again surpassed the previous year's record results, tallying the most successful year in the company's history. This was announced by the Heraeus Holding GmbH Board of Management at a press conference on annual results held in Frankfurt on May 10. With product revenues of Euro 4.8 billion, Heraeus surpassed the previous year's level by 19 percent. Operating results (EBIT) also increased by 23 percent to reach a total of Euro 489 million.
Precious metals trading revenue reached Euro 21.3 billion, topping the Euro 20 billion threshold for the first time. This represents an increase of 19 percent over the previous year's level.
Robust financial structure and high liquidity underpin the Group's success
Over the past financial year, Heraeus increased its after-tax earnings (net income) by 21 percent over the previous year, to Euro 315 million (2010: Euro 260 million). Cash flow from operating activities increased significantly over the previous year to Euro 311 million. A key factor here was the attainment of net income targets. Relative to 2010, shareholders' equity increased by 14 percent to a total of Euro 2.2 billion. The Group's equity-to-assets ratio now stands at 55 percent.
Outlook: Good start to 2012 in first quarter
"After two record years in a row, our focus in this financial year is on maintaining our revenues and earnings at this high level. The first quarter was a good start," noted Dr. Frank Heinricht.
Particularly in the automotive electronics, telecommunications, medicine, steel, semiconductor and environmental technology industries, Heraeus plans to further develop its business over the long term. Regionally, we are focusing on further growth in Asia, especially in China.
Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is a global, private company with over 160 years of tradition. Our fields of competence include precious metals, materials and technologies; sensors; biomaterials and medical products, as well as dental products, quartz glass, and specialty light sources. With product revenues of Euro 4.8 billion and precious metals trading revenues of Euro 21.3 billion, as well as more than 13,300 employees in over 120 subsidiaries worldwide, Heraeus holds a leading position in its global markets.
For additional information, please contact:
Christoph Ringwald
Corporate Communications
Head of Business Media & Corporate Responsibility
Heraeus Holding GmbH
Heraeusstrasse 12-14
63450 Hanau, Germany
Tel: +49(0)6181-35-3832
F: +49(0)6181-35-4242
christoph.ringwald@heraeus.com
http://www.heraeus.com
Service:
The current annual report can be found at: http://ots.de/r8wvx
Current photo materials can be found at: http://www.heraeus-media.com
