For press enquiries:
Rücker AG
Irina Winkelmann
Head of Marketing & Communications
Kreuzberger Ring 40, 65205 Wiesbaden
Phone: +49 611 73 75-0
Fax: +49 611 73 75-259
irina.winkelmann@ruecker.de
Rücker AG: demand is still improving
Business recovery in the first quarter of 2010 – Earnings before interest and taxes (EBIT) increase disproportionately - Gratifying increase in foreign business
Wiesbaden, 05 May 2010
In the first quarter of the new year demand for the goods and services of Rücker AG of Wiesbaden improved further. After a difficult 2009 the publicly quoted engineering group, which mainly concerns itself with technical development for well-known international automobile and aircraft makers, experienced first symptoms of an economic recovery. Last year's negative trend was stopped. Increasing demand yielded a turnover improvement in the first quarter of 2010 by 1.7% to 35.4 million Euros (2009: 34.8 million Euros). EBIT increased disproportionately from 0.3 to 1.9 million Euros. By contrast with the only slightly positive results for the first quarter last year the same quarter this year ended with a surplus to 31 March 2010 of 1.1 million Euros. Discernible foreign business recovery and the cost structure improvements initiated last year contributed to this gratifying result.
Wolfgang Rücker, chairman of Rücker AG, commented that "Business in this first quarter of 2010 was gratifying and orders have improved. We feel we're on the right track".
The market for engineering development goods and services recovered to some extent in early 2010. Rücker AG sees good opportunities ahead leading to further growth in its main business area, the automobile industry. We ascribe this primarily to the development of electronic components and new drive concepts.
Rücker AG – the publicly quoted engineering group
Its current chairman Wolfgang Rücker founded the Rücker group of Wiesbaden, Germany, in 1970. It went public in 2000 and is now a leading globally active supplier of technical development goods and services to the world's aviation and automotive industries. Clients include international automobile, aviation, railway engineering, shipbuilding, mechanical engineering and power station construction companies.
Our automobile division works for all the well known makes on virtual developments in the bodywork, interior equipment and electrical systems fields. In aviation the group offers goods and services ranging from styling aircraft interiors via concept development and the creation of models and prototypes to the calculation of fuselages and wings as well as entire cabin furnishing schemes.
Rücker AG has 15 domestic German branches and 20 foreign subsidiaries at 35 locations in 18 countries and employs a total of 2,500 people - nearly all engineers. In the 2009 financial year turnover was 131.3 million €. Group EBIT 2009 was 3.7 million Euros.
Wolfgang Rücker, chairman of Rücker AG, commented that "Business in this first quarter of 2010 was gratifying and orders have improved. We feel we're on the right track".
The market for engineering development goods and services recovered to some extent in early 2010. Rücker AG sees good opportunities ahead leading to further growth in its main business area, the automobile industry. We ascribe this primarily to the development of electronic components and new drive concepts.
Rücker AG – the publicly quoted engineering group
Its current chairman Wolfgang Rücker founded the Rücker group of Wiesbaden, Germany, in 1970. It went public in 2000 and is now a leading globally active supplier of technical development goods and services to the world's aviation and automotive industries. Clients include international automobile, aviation, railway engineering, shipbuilding, mechanical engineering and power station construction companies.
Our automobile division works for all the well known makes on virtual developments in the bodywork, interior equipment and electrical systems fields. In aviation the group offers goods and services ranging from styling aircraft interiors via concept development and the creation of models and prototypes to the calculation of fuselages and wings as well as entire cabin furnishing schemes.
Rücker AG has 15 domestic German branches and 20 foreign subsidiaries at 35 locations in 18 countries and employs a total of 2,500 people - nearly all engineers. In the 2009 financial year turnover was 131.3 million €. Group EBIT 2009 was 3.7 million Euros.