GERMANY: ZF Friedrichshafen boosts operating profit 25%
ZF Friedrichshafen in 2011 boosted operating profit 25% to EUR850m (US$1.1bn) on record sales up 20% to EUR15.5bn.
It expects sales of EUR17bn in the current year.
North America accounted for the strongest growth, followed by Europe, South America and Asia.
Return on sales was 5.5%.