WINTERTHUR, Switzerland, January 23, 2025-

In the 2024 financial year, the global automotive industry recorded a slight decline in production of –1.1%* compared to the previous year. In this weakening environment, Autoneum in[1]creased its consolidated revenue in Swiss francs by CHF 36.4 million to CHF 2 338.7 million. Excluding translational effects from the conversion of local currencies into Swiss francs, revenue rose by CHF 96.1 million or 4.2% to CHF 2 398.5 million, which is in the middle of the guidance of CHF 2.3 billion to CHF 2.5 billion. Based on the preliminary figures, Autoneum expects an EBIT margin of over 5% and free cash flow of just over CHF 100 million for the 2024 financial year, thus fully confirming the guidance.

At around 89.4 million vehicles, the number of vehicles produced worldwide was 1.1% below the previous year (around 90.5 million vehicles) and, in a long-term comparison, still well below the pre-crisis years with the peak of 95.1 million vehicles in 2017. This development reflects the economic environment, which is still not very lively globally, and the consequent sluggish demand for new vehicles in many regions. Nevertheless, Autoneum was able to record revenue growth of 4.2% in local currencies. The first-time consolidation of the months of January to March by Borgers Automotive, which was acquired by Autoneum with effect from April 1, 2023, contributed to this with inorganic revenue growth of 7.1%. Organically, on the other hand, revenue declined by –2.9% and developed slightly below the market. Revenue consolidated in Swiss francs reached CHF 2 338.7 million, and thus was up CHF 36.4 million or 1.6% on the previous year (2023: CHF 2 302.3 million). Excluding negative translational exchange rate effects in the amount of CHF 59.8 million due to the strong Swiss franc, revenue in local currencies increased to CHF 2 398.5 million, thus comfortably reaching the guidance of CHF 2.3 billion to CHF 2.5 billion.

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