Autoneum adjusts outlook for the current financial year due to ‘operational challenges’ in North America
WINTERTHUR, Switzerland, October 18, 2018-
Due to the continuing operational challenges in Business Group North America and corresponding restructuring measures, Autoneum is reassessing the 2018 financial year.
An EBIT margin of around 6% is now expected instead of the previous 7%. The Company still assumes organic revenue growth of around 3%, thus significantly above market.
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