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GERMANY: ZF Friedrichshafen boosts operating profit 25%

By Graeme Roberts | 30 April 2012

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%.