FRANKFURT -- German automotive supplier Beru increased sales in its first quarter to end-June by 14.5 percent to 97.9 million euros ($118.1 million) thanks to new product launches, it said on Tuesday.
Beru said the main growth drivers were sales to German and U.S. carmakers of instant start systems for diesel engines and of auxiliary heating systems.
"The European aftermarket business also contributed to the positive business trend," it added in a statement.
Beru, majority-owned by BorgWarner, reiterated its full-year forecast for sales to rise at a high single-digit percentage rate.
"The goal is for operating profit (EBIT), adjusted to exclude the exceptional effects in the prior year, to increase at the same rate as sales revenues," it said.
"Beru considers itself well positioned with its strong product pipeline, but expects weaker growth in the coming quarters in view of only moderate growth in demand for automobiles combined with an increasingly competitive environment and more aggressive pricing."