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Quarterly development of the Automotive Division |
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In millions of euros |
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1st quarter |
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2nd quarter |
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3rd quarter |
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4th quarter |
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BY |
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Revenue |
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293.1 |
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291.7 |
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302.1 |
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337.7 |
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1,224.6 |
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31.1 |
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24.1 |
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26.3 |
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27.7 |
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109.2 | |
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10.6% |
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8.3% |
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8.7% |
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8.2% |
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8.9% | |
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18.5 |
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11.1 |
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13.5 |
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15.4 |
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58.5 | |
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6.3% |
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3.8% |
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4.5% |
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4.6% |
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4.8% | |
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Employees |
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6,247 |
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6,491 |
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6,349 |
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6,808 |
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6,808 |
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Due to this good overall market development and stable capacity utilization, revenue rose by 17.7% in the business year 2011/12, going from EUR 1,040.1 million to EUR 1,224.6 million. The concurrent decrease of EBIT by 8.6% from EUR 64.0 million to EUR 58.5 million was due to higher materials costs and non-recurring effects.
In a comparison of the quarterly figures during the business year, after a somewhat weaker second quarter due to seasonal fluctuations, the division subsequently showed a positive trend. In the fourth quarter of the business year, revenue rose compared to the immediately preceding quarter by 11.8%, going from EUR 302.1 million to EUR 337.7 million, with EBIT rising in the final quarter by 14.1% from EUR 13.5 million to EUR 15.4 million. In the fourth quarter, the EBIT margin remained constant at 4.6% (compared to 4.5% in the third quarter).
As of March 31, 2012, the Automotive Division had 6,808 employees (full-time equivalents1). Compared to the previous year (6,264 employees), this corresponds to increase in staff by 8.7% due to higher production and capacity utilization.
1 See explanation in the “Employees” chapter.
