BBS Parent Company Reports “Extremely Difficult” Market Conditions
Belgium based Punch International nv, parent company of wheel manufacturer BBS International GmbH, has posted an net profit of 43.3 million euros for the 2008 year, an increase of 51.9 per cent – however the company has made the less than sanguine statement that the performance of its automotive operations were “weak” and the market “extremely difficult. Altogether, the company generated sales of 341.5 million euros, an increase of 3.0 per cent on 2007.