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Auto, Truck & Motorcycle Parts

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Jinxi Axle's railway related product unit to merge with railway equipment unit

Wednesday, 18 Oct 2017

Oct 18(Reuters) - Jinxi Axle Co Ltd <600495.SS> ::Says its Baotou-based railway related product unit will merge with its Baotou-based railway equipment unit.Says the railway equipment unit to be dissolved after merger .

Grammer says not chosen for major follow-up orders

Friday, 13 Oct 2017

Oct 13 (Reuters) - GRAMMER AG ::DGAP-ADHOC: GRAMMER AG NOT CHOSEN FOR MAJOR FOLLOW-UP ORDERS.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017​.‍EXPECTS TO NOW FALL WELL SHORT OF ITS PLANNED ANNUAL TARGET FOR INCOMING ORDERS IN AUTOMOTIVE SEGMENT​.‍CONTINUES TO EXPECT A VERY POSITIVE OPERATING EBIT FOR BUSINESS YEAR 2017, ABOVE PREVIOUS YEAR'S LEVEL​.‍FROM TODAY'S POINT OF VIEW THERE IS NO NEED TO ADJUST GRAMMER GROUP'S MIDTERM PROJECTIONS​.‍LACK OF NEW-ORDER VOLUME CAN NO LONGER BE FULLY COMPENSATED FOR IN CURRENT BUSINESS YEAR​.‍HOWEVER OPERATING EBIT MARGIN IS PROJECTED TO FALL SHORT OF FULL YEAR TARGET FIGURE OF AROUND 5%​.‍TOTAL COST BURDEN IN CURRENT FY DUE TO NON-AWARD OF NEW ORDERS COMPRISES AROUND EUR 10 MILLION IN AUTOMOTIVE SEGMENT.SHARES IN GRAMMER AG TURN NEGATIVE, NOW DOWN 5.6 PCT‍​​.

Delfingen Industry H1 EBITDA up at 10.6 million euros

Monday, 11 Sep 2017

Sept 11 (Reuters) - DELFINGEN INDUSTRY SA ::H1 OPERATING INCOME EUR ‍​7.6 MILLION VERSUS EUR 6.6 MILLION YEAR AGO.H1 NET PROFIT GROUP SHARE EUR ‍​3.0 MILLION VERSUS EUR 2.8 MILLION YEAR AGO.EXPECTS FURTHER GROWTH OF ITS NET SALES AND ITS OPERATING MARGIN IN 2017.CONFIRMS ITS 5-YEAR STRATEGIC PLAN BOTH IN TERM OF BUSINESS GROWTH AND OPERATING INCOME OBJECTIVES.H1 EBITDA EUR 10.6 MILLION VERSUS EUR 10.1 MILLION YEAR AGO.EXPECTS FURTHER GROWTH OF ITS NET SALES AND ITS OPERATING MARGIN IN 2017.H1 CASHFLOW FROM OPERATING ACTIVITIES EUR 2.9 MILLION VERSUS EUR 1.2 MILLION YEAR AGO.

Ningbo Tianlong Electronics to dissolve electronic unit and auto parts unit

Monday, 24 Jul 2017

July 24(Reuters) - Ningbo Tianlong Electronics Co Ltd <603266.SS> ::* Says it plans to dissolve electronic subsidiary and auto parts subsidiary .

Modine Q4 adjusted earnings per share $0.35

Wednesday, 24 May 2017

May 24 (Reuters) - Modine Manufacturing Co :Modine reports fourth quarter and full year fiscal 2017 results.Q4 adjusted earnings per share $0.35.Sees fy 2018 adjusted earnings per share $1.20 to $1.35.Q4 sales rose 42 percent to $488.3 million.Modine manufacturing co says recorded $4.9 million of restructuring expenses during q4.Modine manufacturing co - "remain on track to deliver annual cost synergies of at least $15 million within next three to four years".Q4 earnings per share $0.16.Modine manufacturing co sees full fiscal year-over-year sales up 25 to 30 percent.Modine manufacturing co - "‍although some of our markets remain challenged, we are starting to see improvements, particularly in off-highway markets​".Fy2018 earnings per share view $1.20, revenue view $1.90 billion -- Thomson Reuters I/B/E/S.

InTiCa Systems Q1 EBITDA up 9.5 pct at 1.4 million euros

Tuesday, 23 May 2017

May 23 (Reuters) - Intica Systems AG ::IN FIRST THREE MONTHS OF 2017, GROUP SALES ROSE 8.5% TO EUR 12.3 MILLION (3M 2016: EUR 11.3 MILLION).Q1 EBITDA (EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION) IMPROVED 9.5% YEAR-ON-YEAR TO EUR 1.4 MILLION (3M 2016: EUR 1.3 MILLION)..Q1 EBIT (EARNINGS BEFORE INTEREST AND TAXES) DOUBLED YEAR-ON-YEAR TO EUR 0.4 MILLION (3M 2016: EUR 0.2 MILLION).BUSINESS PERFORMANCE IN FIRST THREE MONTHS WAS IN LINE WITH BOARD OF DIRECTORS' EXPECTATIONS SO IT IS RETAINING ITS OUTLOOK FOR FISCAL 2017.GROUP NET INCOME WAS THEREFORE EUR 0.2 MILLION AT END OF FIRST THREE MONTHS (3M 2016: EUR 0.1 MILLION).AT END OF Q1 OF 2017, ORDERS ON HAND WERE WELL ABOVE PRIOR-YEAR LEVEL AT EUR 47.9 MILLION (MARCH 31, 2016: EUR 36.3 MILLION).

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