Sauer-Danfoss reveals financial results

Sauer-Danfoss, a supplier of mobile hydraulic and electronic solutions, has announced its financial results for the second quarter ended 30 June 2010, revealing that net sales increased 56 per cent to $432.2m (£271.6m), compared with $277.4m for the second quarter of 2009. 

The company reported a net income of $34.6m, or $0.71 per share, compared with a net loss of $121.8m, or $2.52 per share, for the second quarter of 2009.