Preh’s 2016 sales up 55% y/y to USD1.24 billion
Company plans to invest in new e-mobility lab in Germany
Preh Group has reported a 55% year-over-year (y/y) increase in sales to EUR1.18 billion (USD1.24 billion as on 31 December 2016) for the financial year ended 31 December 2016, the Germany-based supplier said in a press release on 11 May. Apart from organic sales growth of 14% y/y, the company’s sales increased on the back of acquisition of TechniSat Automotive last year. Preh renamed TechniSat as Preh Car Connect following the takeover.
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