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Sales outpace market growth at Autoneum

Autoneum, a leader in acoustic and thermal management solutions for vehicles, made further progress in a challenging market environment in 2013 and increased its net sales by 5.8% to CHF 2053.3 million (2012: 1940.9 million CHF).

20th January 2014

Innovation in Textiles
 |  Winterthur

Transport/​Aerospace

Autoneum, a leader in acoustic and thermal management solutions for vehicles, made further progress in a challenging market environment in 2013 and increased its net sales by 5.8% to CHF 2053.3 million (2012: 1940.9 million CHF).

In local currencies and adjusted for the sale of the Italian subsidiary, sales improved by 9.9%. In addition to Autoneum's global presence, the factors crucial to this success included participation in successful vehicle models and gains in market share. The company says its technological leadership once again proved to be decisive for order acquisition from existing and new customers.

The sales trend in the second half of 2013 was better than estimated in the outlook from the past summer. This encouraging development coupled with the ongoing implementation of operational improvements and overall stable raw material prices had a positive impact on the operating margin in the second half of the year. As a result, net profit for 2013 is expected to be higher than for 2012 in spite of known one-off expenses of around 40 million CHF.

According to Autoneum, in 2013, global light vehicle production saw only a moderate increase of 3.1% to 84.0 million vehicles (2012: 81.5 million and car production grew once again in North America (+4.8%) and Asia (+7.1% without Japan), but growth in North America failed to match the prior year.

While production trended slightly positive in Europe (+0.3%), car production in the SAMEA market region (South America, Middle East, Africa and Russia) dropped by 0.9%. In contrast, Autoneum significantly outpaced the respective markets and increased its sales in local currencies in all regions.

In the European market where demand was weak, gains in market share contributed to sales growth in local currencies. In North America, the rise in sales is mainly due to market growth and delivery for high-selling models. New customer orders involving high production volumes contributed greatly to strong sales growth in Asia. Also in the SAMEA market region, growth in local currencies noticeably outpaced the market thanks to sales increases in Argentina and Turkey.

Autoneum, with its headquarters in Winterthur, Switzerland, is a leading producer of vehicle acoustics and thermal management systems. The company develops and manufactures components, modules and complete systems for interior and engine bay as well as heatshields and underbody shields.

Customers include leading car producers in the key markets of Europe, North America, South America and Asia. Autoneum is represented at about 45 locations in over 20 countries and employs around 9500 people worldwide, of whom about 5% are in Switzerland. The company has been listed on the SIX Swiss Exchange since 2011.

www.autoneum.com

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