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31st January 2019, Winterthur

Significant revenue growth at Autoneum

Autoneum headquarters. © Autoneum

Autoneum headquarters. © Autoneum

Thanks to a favourable model mix, Autoneum, a leading specialist in acoustic and thermal management for vehicles, has significantly increased its revenue in a declining market in 2018. Although fewer vehicles were manufactured worldwide than in the prior year, Group revenue adjusted for currency and divestment effects increased by 3.7%. In Swiss francs, it rose by 3.4% to CHF 2 281.5 million.

For the first time since the economic crisis in 2009, global automobile production declined compared to the prior year: With just under 95 million light vehicles produced, the market shrank by 1% compared to 2017. In this market environment, Autoneum increased its revenue adjusted for currency and divestment effects by 3.7% thanks to a favourable model mix. Revenue consolidated in Swiss francs rose by 3.4% from CHF 2 205.4 million to CHF 2 281.5 million in 2018.

Apart from Business Group North America, all Business Groups exceeded the market in the corresponding region and recorded substantial revenue growth in 2018. Business Group Europe's revenue climbed by 7.7% in local currencies thanks to high-volume customer orders.

In North America, lower production volumes from automobile manufacturers led to an associated reduction in call-offs at Autoneum and a decline in revenue at Business Group North America of –3.4%, adjusted for currency effects.

Business Group Asia’s revenue increased by 6.6% despite the decline in automobile production in China. With organic growth of 24.4%, Business Group SAMEA continued its growth course. Higher production quantities, especially in Brazil, as well as the continued high-volume export business in Turkey and South Africa were the main reasons for this above-average increase rate.

www.autoneum.com

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