Bertrandt Quarterly Profits Rise on Increased Automotive R&D Spending
- Bertrandt posts higher profit, revenue in Q1 on favorable market
- Net profit increased to €7.9 million from €6.2 million a year earlier
- Sales rose over 12% on higher R&D spending by automotive customers
- Company benefited from demand in mobility and transportation sectors
- Bertrandt provides development services to European automotive and aviation industries