Sogefi achieved growth in sales and profits in 2011

Sogefi, an Italian auto parts manufacturer, recently released its 2011 financial report, which showed that its 2011 sales and profits have grown.

In 2011, Sogefi's sales were 1.158 billion euros (about 1.556 billion US dollars), an increase of 25.3% over the same period last year, setting a record for the highest sales in history. Sales in 2010 were 925 million euros (about 1.243 billion US dollars).

Operating profit in 2011 was 89.1 million Euros (about 120 million U.S. dollars), an increase of 31.9% year-on-year; EBITDA was 108 million Euros (about 145 million U.S. dollars), an increase of 24.9% year-on-year; net profit was 2 , 4.7 million euros (about 33.2 million US dollars), an increase of 31.4%.

As of the end of 2011. Sogfi’s net debt is 299.8 million euros (about 400 million U.S. dollars).