Kion FY op profit rises as restructuring pays off


FRANKFURT, Feb 15 (Reuters) - German forklift truck maker Kion on Friday reported a 31-percent rise in 2007 adjusted operating profit, benefiting from a restructuring programme and from strong sales growth in Europe and Asia. Adjusted for one-off items, preliminary earnings before interest, tax and amortisation (EBITA) rose to 321 million euros ($471 million) from 244 million euros a year earlier on net sales of 4.3 billion euros, up 10 percent, Kion said. Growth drivers were markets in ...

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