Autoneum FY 2018 results: organic sales jump 3.7% in the face of weakening world auto market
WINTERTHUR, Switzerland, March 6, 2019-
In 2018, Autoneum grew organically by 3.7% 1 and has thus considerably outperformed the market. Revenue in Swiss francs rose to CHF 2 281.5 million. However, operational inefficiencies in model ramp-ups in the key North American market USA had a particular impact on the Group’s result. Despite the continued strong performance of Business Group Europe with an EBIT margin of 8.3%, the Group margin fell to 5.0% compared to the previous year. Due to the lower net profit, the Board of Directors proposes a dividend of CHF 3.60 per share for 2018.
For the first time since the economic crisis in 2009, the number of vehicles produced worldwide in 2018 fell compared to the previous year. In this difficult market environment, Autoneum significantly increased its revenue in all regions except North America thanks to a favorable model mix. The Company recorded organic growth of 3.7% for 2018. Revenue consolidated in Swiss francs rose by 3.4% from CHF 2 205.4 million2 to CHF 2 281.5 million.
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