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    Semiconductor supply constraints expected to resolve by second half of fiscal year 2021
    With demand falling for most part of 2020 due to the COVID-19 pandemic, carmakers and tier-1 suppliers have reduced their inventory. Automotive semiconductor vendors have canceled orders to external foundries, while internal capacity was halted or slowed either intentionally or as a result of reduce...
    OEMs launching 5G-enabled cars years before the technology goes mainstream 
    The introduction of 5G telecommunication services is going to be a game-changer for the automotive industry. Its low latency properties will drive growth in connected and autonomous vehicle markets while enabling data and signal sharing in real time, which is crucial for maintaining safety in t...
    STMicroelectronics releases preliminary FY 2020 results, sales up 6.9% y/y to USD10.22 billion
    STMicroelectronics has announced the preliminary revenue figures for the fourth quarter and full year 2020, according to a company filing on 8 January. STMicroelectronics posted a revenue of USD10.22 billion for fiscal 2020, an increase of 6.9% compared to FY 2019. Preliminary revenue for the fourth...
    Veoneer estimates new order intake of USD2.6 billion in 2020
    Veoneer, Inc. estimates its current total order book value for full year 2020 to be approximately USD14 billion, the company said in a press release on 7 January 2021. The company expects the share of Active Safety orders to be around 15% in 2020, which is above its current sales market share. Due t...
    Velodyne expects Q4 revenue in range of USD15.5 million to USD16 million
    Velodyne Lidar, a specialist in lidar technology, has announced preliminary fourth quarter 2020 revenue and provided an update on recent business trends and outlook. According to a press release on 7 January, Velodyne shipped more than 4,100 sensors in the fourth quarter of 2020 to its global custom...
    Indian automotive components industry’s turnover in H1 FY 2020/21 drops 34% y/y to USD15.9 billion
    The Indian automotive components industry’s turnover declined 34% year-over-year (y/y) to INR1.19 trillion (USD15.9 billion) in the first half of the financial year (FY) 2020/21, ended 30 September 2020, according to a press release by the Automotive Components Manufacturers’ of India (ACMA) on ...
    HELLA announces preliminary Q2 results; sales rise 4.4% y/y
    German electronics and lighting expert HELLA has announced preliminary second quarter results ended 30 November 2020. According to a company press release on 7 December, HELLA’s currency- and portfolio-adjusted sales increased by 4.4% year-on-year (y/y) to around EUR1.8 billion (USD2.1 billion). A...
    Kasai Kogyo H1 net sales declines 41% y/y to USD570.8 million
    Kasai Kogyo’s net sales declined 41% year-over-year (y/y) to JPY60.3 billion (USD570.8 million) in the first half of financial year (FY) 2020/21 ended 30 September 2020, the Japan-based automotive interior systems supplier said in a press release on 26 November. The sharp decline in sales affected...
    SNT Corporation’s H1 2020 sales decline 36% y/y to USD62.75 million
    Japanese automotive powertrain components supplier, SNT Corporation, has published its financial results for the first half of 2020. According to a press release issued by SNT on 13 November, the company posted sales of JPY6.54 billion (approximately USD62.75 million) during the first six months of ...
    Adient’s FY 2019/20 net sales decline 23.3% y/y to USD12.7 billion
    Adient has reported 23.3% year-over-year (y/y) decline in net sales to USD12.7 billion in the financial year (FY) ended 30 September 2020, the company said in a press release on 30 November. The sharp drop in net sales caused the US-based automotive supplier to record earnings before interest and ta...
    Grupo Antolin Q3 sales declines 9.6% y/y to USD1.24 billion
    Grupo Antolin’s sales declined 9.6% year over year (y/y) to EUR1.06 billion (USD1.24 billion) in the third quarter ended 30 September 2020, the Spain-based automotive supplier said in a press release 25 November. Despite the drop in sales, the company’s EBITDA increased 12.7% y/y to EUR91.4...
    Bekaert’s January-September consolidated sales declines 16.3% y/y to USD3.26 billion
    Bekaert has reported a 16.3% year-on-year (y/y) decline in consolidated sales to EUR2.75 billion (approximately USD3.26 billion) for the first nine months ended 30 September, according to a company press release on 20 November. In terms of segments, sales of Rubber Reinforcement segment were down...
    Borealis' net sales fall 16.7% y/y to USD1.9 billion in Q3
    Borealis has reported a fall of 16.7% year on year (y/y) in its net sales to EUR1.6 billion (USD1.9 billion) for the third quarter ended 30 September 2020, according to a company press release earlier in November. Net profit for the quarter also fell 21.2% y/y to EUR163 million. “The third quarter...
    Linamar’s Q3 sales down 5.9% y/y to USD1.22 billion
    Linamar has reported a 5.9% year-on-year (y/y) decline in its third quarter sales to CAD1.63 billion (USD1.22 billion), the company said in a press release on 10 November. Operating earnings for the quarter ended 30 September amounted to CAD176.1 million, up 23.7% y/y. The company reported 46% y/y g...
    Johnson Matthey's first-half revenue grows 2% y/y to USD8.2 billion
    Johnson Matthey has reported a growth of 2% year on year (y/y) in its revenues to EUR6.97 billion (USD8.2 billion) for the fiscal first half ended 30 September 2020, according to a company press release on 19 November. Operating profit for the period, however, fell 74% y/y to EUR68 million...
    Cerence's FY 2019/20 revenues up 8.7% y/y to USD329.6 million
    Cerence has reported 8.7% year-over-year (y/y) increase in revenues to USD329.6 million in the financial year ended 30 September 2020, the company said in a press release. While the company witnessed 4.7% y/y decline sales from its biggest source, License, to USD164.3 million, it recorded higher sal...
    thyssenkrupp FY 2020 sales declines 15.12% y/y to USD34.21 billion
    Germany-based thyssenkrupp has released its financial results for the fiscal year 2020. According to a press release issued by thyssenkrupp on 19 November, the company registered sales of EUR28.9 billion (approximately USD34.21 billion) during the fiscal year 2019–20. This represents a decline of ...
    Stanley Electric’s H1 net sales drop 23.8% y/y to USD1.49 billion
    Stanley Electric reported a 23.8% year-on-year (y/y) fall in net sales at JPY155.81 billion (USD1.49 billion) for the first half of fiscal 2020, a company press release read on 29 October. Net profit for the period was JPY3.77 billion compared to a profit of JPY15.70 billion in 2019. Total sales ...
    Yokohama’s January–September 2020 revenue falls 16.2% y/y to USD3.73 billion
    The Yokohama Rubber Co., Ltd., has announced its financial results for the third quarter and first nine months of this year. According to a press statement released by Yokohama on 13 November, the company has generated revenues of JPY390.37 billion (approximately USD3.73 billion) during the January...
    Toshiba posts 14% y/y fall in Q2 revenue to USD7.33 billion
    Toshiba reported a 14.1% year-on-year (y/y) fall in second quarter revenue at JPY771.56 billion (USD7.33 billion), a company press release on 11 November read. Net profit came in at JPY14.84 billion compared to a loss of JPY4.92 billion. Net sales from energy systems and solutions fell 28.6% to J...
    Motherson Sumi Systems’s Q2 revenues down 2.1% y/y to USD2 billion
    Motherson Sumi Systems Ltd. (MSSL) has reported a 2.1% y/y decline in revenues to INR148.45 billion (USD2 billion) for the second quarter ended 30 September 2020, according to a regulatory filing by the company. Profit before tax amounted to INR5.5 billion, down 0.7% y/y. Net profit also declined 12...
    Bridgestone’s January–September 2020 revenue declines 18.1% y/y to USD20.5 billion
    Japanese tire manufacturer Bridgestone has released its financial performance results for the first nine months ended 30 September 2020. According to a press release issued by Bridgestone on 12 November, the company has posted a 18.1% year-on-year (y/y) decline in revenue to JPY2.1 trillion (approxi...
    Martinrea’s Q3 sales decrease marginally y/y to USD725.5 million
    Martinrea International has reported a marginal decline of 0.3% year on year (y/y) in revenues to CAD971 million (USD725.5 million) for the third quarter ended 30 September 2020, according to a company press release on 11 November. Net income for the period was CAD45.6 million, down 2.2% y/y. Operat...
    Schaeffler’s January–September 2020 revenue drops 17.23% y/y to USD10.58 billion
    Germany-based automotive components supplier Schaeffler has published its financial results for the first nine months of this year. According to a press release issued by Schaeffler on 10 November, the company posted revenues of EUR8.97 billion during the January–September 2020 period, w...
    Johnson Electric reports 15% y/y decline in H1 2020 sales to USD1.33 billion
    Johnson Electric posted a 15% year-on-year (y/y) fall in sales for the first half of 2020 at USD1.33 billion, the company said in a press filing on 11 November. Net profit for the period slumped by 38% to USD101 million in the previous corresponding period. Profit drop was attributable to the effect...
    Continental’s Q3 sales declines 7.3% y/y to USD12.1 billion
    Continental’s sales declined 7.3% year over year (y/y) to EUR10.3 billion in the third quarter ended 30 September 2020, the company said in a press release on 11 November. Sales, prior to changes in the scope of consolidation and exchange-rate effects, were down 2.7% y/y. Despite the decline in sa...
    Bharat Forge’s Q2 revenue down 30% y/y to USD119.4 million
    Bharat Forge has reported a fall of 30% year on year (y/y) in its revenue to INR8.8 billion (USD119.4 million) during the second quarter ended 30 September 2020, according to a regulatory filing by the company on the Bombay Stock Exchange (BSE). Profit after tax for the quarter witnessed a fall of 7...
    Pirelli’s Q3 2020 revenue slides 7.5% y/y to USD1.6 billion
    Pirelli has reported a 7.5% year-on-year (y/y) decline in revenues to EUR1.3 billion (USD1.6 billion) for the third quarter ended 30 September 2020, according to a company press release on 11 November. Adjusted EBITDA also decreased by 9.6% y/y to EUR309 million and adjusted EBIT fell by 12.6% y/y t...
    voestalpine’s revenue falls 21.9% y/y to USD5.9 billion in H1
    voestalpine has reported a fall of 21.9% year on year (y/y) to EUR5.1 billion (USD5.9 billion) during the first half ended 30 September 2020, according to a company press release on 10 November. voestalpine recorded a loss from operations of EUR215 million, as compared to a profit from operations of...
    Sumitomo Electric’s H1 sales decline 18.7% y/y to USD11.92 billion
    Sumitomo Electric posted an 18.7% year-on-year (y/y) decline in net sales for the first half of fiscal 2020 at JPY1.23 trillion (USD11.92 billion), a company release read on 6 November. Net loss came in at JPY41.87 billion compared to a profit of JPY28.01 billion a in 2019. Net sales from its aut...
    Brose expects full-year sales in 2020 to be around EUR4.8 billion
    Brose expects to generate sales of EUR4.8 billion (USD5.6 billion) in the current financial year ending 31 December 2020, the company said in a press release on 9 November. This reflects year-over-year (y/y) decline of 22% over EUR6.2 billion that the Germany-based automotive supplier realized in 20...
    Tachi-S H1 net sales declines 45% y/y to USD753.6 million
    Tachi-S has reported 45% year-over-year (y/y) decline in net sales to JPY79.6 billion (USD753.6 million) in the first half ended 30 September 2020, the company said in a press release 10 November. Lower sales caused the company to record a higher operating loss of JPY9.5 billion compared to loss of ...
    Brembo’s Q3 2020 revenue slides 5.9% y/y to USD719.88 million
    Italy-based manufacturer of automotive braking components and systems, Brembo, has published its financial results for the third quarter of 2020. According to a press release issued by Brembo on 9 November, the company generated revenues of EUR608.8 million (approximately USD719.88 million) during t...
    ElringKlinger’s Q3 2020 revenue drops 11.7% y/y to USD450.78 million
    ElringKlinger AG, an auto components supplier based out of Dettingen an der Erms, Germany, has published its financial results for the third quarter of 2020. According to a press release issued by ElringKlinger on 10 November, the company announced that it generated revenues of EUR381.2 million (app...
    Varroc’s Q2 revenue up 7.9% y/y to USD395 million
    Varroc Engineering has reported a growth of 7.9% year on year (y/y) in revenue from operations to INR29.2 billion (USD395 million) for the second quarter ended 30 September 2020, according to a regulatory filing on 10 November. Net loss for the quarter stood at INR387.7 million compared with net pro...
    Superior Industries’ Q3 2020 net sales falls 9.9% y/y to USD317.1 million
    Aluminum wheel supplier Superior Industries has reported a 9.9% year-on-year (y/y) decline in net sales to USD317.1 million for the third quarter ended 30 September 2020, the company said in a press release on 2 November. The company posted an income from operations of USD19.2 million compared with ...
    Minda Corporation’s Q2 revenues down 10.7% y/y to USD88.8 million
    Minda Corporation has reported a 10.7% year-on-year (y/y) decline in sales to INR6.5 billion (USD88.8 million) for the second quarter ended 30 September 2020, according to a regulatory filing by the company on 5 November. Net profit for the quarter decreased 30.6% y/y to INR258 million. EBITDA dropp...
    Infineon reports 6.7% y/y rise in FY 2019/20 revenue to USD10.17 billion
    Infineon Technologies posted a 6.7% year-on-year (y/y) growth in full year 2019/20 revenue at EUR8.57 billion (USD10.17 billion), a company press filing on 9 November. Net income for the same period slid to EUR368 million from EUR870 million. Revenue for the fourth quarter surged 20.8% y/y to EUR...
    KYB H1 2020 net sales falls 29.8% y/y to USD1.34 billion
    Japanese automotive suspension components supplier, KYB Corporation, has published its financial results for the six months ended 30 September, 2020. According to a press release issued by KYB on 6 November, the company stated that it posted a net sales figure of JPY138.83 billion (approximately USD...
    NTN’s H1 2020 net sales declines 28.5% y/y to USD2.31 billion
    Japan-based powertrain components supplier, NTN Corporation, has published its financial results for the first half of 2020. According to a press release issued by NTN Corporation on 5 November, the company registered net sales of JPY239.2 billion (approximately USD2.31 billion) during the six month...
    Rheinmetall’s consolidated sales falls 7% y/y to USD4.76 billion in January–September 2020
    Germany-based components and systems supplier, Rheinmetall, has published its financial results for the January–September period of 2020. According to a press release issued by Rheinmetall on 6 November, the company announced that it recorded consolidated sales during the first nine months of 2020...
    ams’ Q3 revenue more than doubles y/y to USD1.43 billion
    ams reported a 110% year-on-year (y/y) surge in third quarter revenue at USD1.43 billion, a company press filing read on 6 November. The revenue gain was due to the inclusion of financial results of Germany-based OSRAM Licht AG, which ams had acquired in July. Adjusted group net income for the pe...
    Velodyne’s Q3 revenue more than doubles to USD137 million
    Velodyne Lidar has announced financial results for the third quarter ended 30 September 2020 for the first time as a public company, according to a company press release on 5 November. Revenue for the quarter amounted to USD32.1 million, up 137% year over year (y/y). Product revenues grew more than ...
    Cooper Standard Q3 2020 sales drops 7.6% y/y to USD683.2 million
    Cooper Standard’s net sales declined 7.6% year on year (y/y) to USD683.2 million in the third quarter ended 30 September 2020, the US-based automotive supplier said in a press release on 5 November. The company reported a net income of USD4.4 million, compared with a net loss of USD4.9 million in ...
    Magna Q3 sales declines 2% y/y to USD9.1 billion
    Magna has reported 2% year-over-year (y/y) decline in sales to USD9.1 billion in the third quarter ended 30 September 2020, the company said in a press release on 6 November. Despite lower sales, the Canadian supplier recorded income from operations before income taxes of USD436 million against a lo...
    Modine Q3 2020 net sales slip 7.76% y/y to USD 461.4 million
    Automotive thermal solutions supplier, Modine, has announced its financial results for the third quarter of this year. According to a press release issued by Modine on 5 November, the company posted net sales of USD461.4 million, which implies an 7.76% year-over-year (y/y) reduction from the USD500....
    Arconic's Q3 net sales decline 22% y/y to USD1.4 billion
    Arconic has witnessed a fall of 22% year on year (y/y) in its net sales to USD1.4 billion in the third quarter ended 30 September 2020, according to a company press release on 5 November. Arconic reported a net income of USD5 million, compared to a net loss of USD24 million in third quarter of 2019....
    Garmin’s Q3 revenue climbs 19% y/y to USD 1.11 billion
    Garmin has reported 19% year-on-year (y/y) growth in third quarter revenue, which came in at USD1.11 billion, according to a company press release on 28 October. Net income for the period rose 37.5% y/y to USD313.4 million and operating income rose 21.2% y/y to USD317.1 million. Garmin’s automo...
    SiriusXM posts 0.7% y/y increase in Q3 revenue at USD2.03 billion
    SiriusXM has reported a marginal growth of 0.7% year-on-year (y/y) in revenues to USD2.03 billion for the third quarter of 2020, the company said in a press release on 22 October. Net income for the quarter grew 10.5% y/y to USD272 million. Operating income fell 5.5%. Income from operations remained...
    BASF's sales fall 5.1% y/y to USD16.1 billion in Q3
    BASF has reported a fall of 5.1% year on year (y/y) in its net sales to EUR13.8 billion (USD16.1 billion) for the third quarter ended 30 September 2020. BASF witnessed an operating loss of EUR2.6 billion, as compared to an operating income of EUR1.3 billion in the third quarter in 2019. During the q...
    Hyundai Mobis’ Q3 sales up 5.8% y/y to USD8.5 billion
    Hyundai Mobis’ sales increased 5.8% year over year (y/y) to KRW9.99 trillion (USD8.5 billion) in the third quarter ended 30 September 2020, the company said in a regulatory filing on 29 October. Despite higher sales, there was a 9% y/y drop in operating profit to KRW598 billion. Hyundai Mobis...
    Panasonic’s H1 FY 2020/21 net sales decline 20% y/y to USD28.9 billion
    Panasonic has reported 20% year-over-year (y/y) decline in net sales to JPY3.06 trillion (USD28.9 billion) in the first half of the financial year (FY) 2020/21, ended 30 September 2020, the company said in a press release on 29 October. Additionally, the company’s sales decreased in Japan by 24% y...
    Qualcomm’s FY 2020 revenues increase 3% y/y to USD23.5 billion
    Qualcomm has reported a 3% year-on-year (y/y) decline in revenues to USD23.5 billion for the fiscal year ended 27 September 2020, according to a company press release on 4 November. Net income for the year grew 19% y/y to USD5.2 billion. Earnings before taxes fell by 24% y/y to USD5.7 billion. Re...
    Kongsberg Automotive’s Q3 2020 revenue slides 8.6% y/y to USD298 million
    Norwegian automotive components supplier, Kongsberg Automotive, has announced its financial results for the third quarter of 2020. According to a press release issued by Kongsberg Automotive on 30 October, the company generated revenues of EUR255.2 million (approximately USD298 million) during the t...
    TE Connectivity posts 10% y/y drop in FY 2019/20 net sales at USD12.1 billion
    TE Connectivity has announced a 10% year-on-year (y/y) drop in revenue for the fiscal year ended 25 September 2020, the company said in a press release on 29 July. Net sales for the period fell to USD12.1 billion from USD13.4 billion a year earlier. The company posted a net loss of USD241 million co...
    Stoneridge Q3 sales declines 13.6% y/y USD175.7 million
    Stoneridge has reported a 13.6% year-on-year (y/y) drop in net sales for the third quarter of fiscal 2020 to USD175.7 million, according to a company press release on 28 October. Operating income for the quarter was USD9.8 million, up 5.4% y/y. The company posted a net income of USD6.7 million, marg...
    Tenneco’s Q3 2020 revenue slides 1.5% y/y to USD4.26 billion
    American automotive powertrain components supplier, Tenneco, has published its financial results for the third quarter of 2020. According to a press release issued by Tenneco on 2 November, the company posted a revenue of USD4.26 billion during the third quarter 2020 period, which implies a 1.5...
    LG Chem's sales grow 8.8% y/y to USD6.4 billion
    LG Chem has reported a growth of 8.8% year on year (y/y) in its sales to KRW7.5 trillion (USD6.4 billion) for the third quarter ended 30 September 2020. Operating profits during the quarter more than doubled to KRW902.1 billion, as compared to KRW348.8 billion in the corresponding quarter last year....
    Covestro's sales fall 12.7% y/y to USD3.2 billion in Q3
    Covestro has reported a 12.7% year-on-year (y/y) decline in sales to EUR2.8 billion (USD3.2 billion) for the third quarter ended 30 September 2020, according to a company press release on 27 October. EBITDA for the quarter rose by 7.3% y/y to EUR456 million. Net income for the quarter was EUR179 mil...
    Gestamp's revenue falls 1% y/y to USD2.4 billion in Q3
    Spain-based automotive structural components supplier Gestamp’s revenues declined by 1% year on year (y/y) to EUR2 billion (USD2.4 billion) during the third quarter ended 30 September 2020, according to a company press release on 29 October. The company posted an EBIT of EUR105 million, up 11.7% y...
    Cooper Tire’s Q3 2020 net sales increases 8.6% y/y to USD765 million
    American tire maker Cooper Tire & Rubber Company has reported an 8.6% year-on-year (y/y) growth in net sales to USD765 million for the third quarter ended 30 September 2020, according to a company press release on 29 October. Operating profit for the quarter grew more than threefold y/y to USD17...
    Lear’s Q3 net sales rises marginally y/y to USD 4.9 billion
    Lear has reported marginal growth in net sales of 1.5% year-over-year (y/y) to USD4.9 billion in the third quarter ended 3 October 2020, the US-based automotive supplier said in a press release on 30 October. Excluding the impact of foreign exchange, sales were up 1% y/y against 4% decline in global...
    Aptiv’s Q3 net sales up 3% y/y to USD3.7 billion
    Aptiv’s net sales increased 3% year over year (y/y) to USD3.7 billion in the third quarter ended 30 September 2020, the company said in a press release on 29 October. Adjusted for currency exchange, commodity movements and divestitures; the company’s revenue increased 3%, despite a 4% decline in...
    American Axle & Manufacturing’s (AAM) Q3 2020 sales drop 16.1% y/y to USD1.41 billion
    American Axle & Manufacturing Holdings, Inc. (AAM), has released its financial results for the third quarter of 2020. According to a press release issued by AAM on 30 October, the company has posted sales of USD1.41 billion during third quarter 2020, which represents a drop of 16.1% year over ye...
    Visteon’s Q3 net sales rises 2.2% y/y to USD747 million
    Visteon has reported 2.2% year-over-year (y/y) increase in net sales to USD747 million in the third quarter ended 30 September 2020, the US-based automotive electronics supplier said in a press release on 29 October. Sales, excluding foreign currency impacts, increased by 3%. The company reported in...
    Goodyear’s Q3 2020 sales slip 9% y/y to USD3.5 billion
    The Goodyear Tire & Rubber Company has published its financial results for the third quarter and first nine months of 2020. According to a press release issued by Goodyear on 30 October, the company posted sales of USD3.5 billion during the third quarter of 2020, which represents a decline of 9%...
    Denso’s H1 revenue falls 20.8% y/y to USD19.6 billion
    Denso has reported a drop of 20.8% year-on-year (y/y) in revenues to JPY2 trillion (USD19.6 billion) for the first six months ended 30 September 2020, according to a company press release on 29 October. The company posted an operating loss and a net loss of JPY69.6 billion and JPY71.1 billion, respe...
    Central Glass’s H1 net sales down 23.3% y/y to USD795.6 million
    Central Glass has reported a decline of 23.3% year on year (y/y) in net sales to JPY84 billion (USD795.6 million) for the first six months ended 30 September 2020, according to a company press release on 30 October. The company posted operating loss of JPY732 million for the period as compared wot o...
    BorgWarner’s Q3 2020 net sales rise 2% y/y to USD2.53 billion
    American automotive powertrain components and systems manufacturer BorgWarner has published its financial results for the third quarter of this year. According to a press release issued by BorgWarner on 29 October, the company posted net sales of USD2.53 billion during the third quarter of...
    Renesas’s Q3 revenue falls 2.6% y/y to USD1.71 billion
    Renesas has posted a 2.6% year-on-year (y/y) decline in third-quarter revenue at JPY178.7 billion (USD1.71 billion). Net profit for the period rose to JPY33.6 billion from JPY22.4 billion. Operating margin came in at 20.4%, compared with 14.6% last year. Second-quarter revenue from its ...
    Aisin Seiki's H1 FY2021 revenues fall 23.1% y/y to USD13.7 billion
    Aisin Seiki has reported a fall of 23.1% year on year (y/y) in its revenue to JPY1.4 trillion (USD13.7 billion) during the first half of the fiscal year ended 30 September 2020. Aisin Seiki witnessed an operating loss of JPY38 billion in the first half, as compared with an operating profit of J...
    Grammer’s Q3 revenue down 7.3% y/y to USD540.4 million
    Grammer has reported a decline of 7.3% year on year (y/y) in revenues to EUR461.7 million (USD540.4 million) for the third quarter ended 30 September 2020, the Germany-based automotive supplier said in a press release on 29 October. Grammer posted EBIT of EUR22.4 million, compared with EUR9.1 m...
    Gentherm’s Q3 2020 revenue climbs 8.1% y/y to USD259.5 million
    Thermal management technology supplier Gentherm has published its financial results for the third quarter of 2020. According to a press release issued by Gentherm on 29 October, the company posted product revenues of USD259.5 million during the third quarter 2020 period, which represe...
    Koito’s sales down 27.2% y/y to USD2.8 billion in first half of 2020
    Koito's net sales declined 27.2% year on year (y/y) to JPY290.6 billion (USD2.8 billion) in the first half ended 30 September 2020, according to a company press release on 28 October. The company’s net profit for the period declined 77.9% to JPY6.4 billion. The Japanese automotive lighting systems...
    Constellium's revenue falls 20% y/y to USD1.4 billion in Q3
    Constellium has reported a decline of 20% year on year (y/y) in revenue to EUR1.2 billion (about USD1.4 billion) for the third quarter ended 30 September 2020, according to a company press release on 27 October. The company posted a net income of EUR20 million, compared with net income of EUR1 milli...
    Dana’s Q3 2020 sales drops 7.87% y/y to USD1.99 billion
    Automotive powertrain components supplier, Dana, has published its financial results for the third quarter of 2020. According to a press release issued by Dana on 28 October, the company has posted sales of USD1.99 billion during third quarter 2020, which implies a 7.87% year-on-year (y/y) reduction...
    NXP Semiconductor’s Q3 revenue climbs marginally higher y/y to USD2.27 billion
    NXP has reported a slight increase in its third quarter revenue, according to a press filing by the company on 26 October. Revenue came in at USD2.257 billion compared with USD2.265 billion a year earlier. Operating income slumped 86%, to USD32 million. Revenue from its automotive business s...
    SKF’s Q3 net sales fall 11.6% y/y to USD2 billion
    Sweden-based bearing and seal manufacturing firm SKF has announced that its net sales during the third quarter of 2020 fell 11.6% year over year (y/y) to SEK18.6 billion (approximately USD2 billion). Adjusted operating profit for the period declined 3.9% y/y, to SEK2.5 billion and operating pro...
    Valeo’s Q3 2020 sales fall 8% y/y to USD5.1 billion
    Valeo’s net sales fell 8% year-on-year (y/y) to EUR4.4 billion (USD5.1 billion) for the third quarter ended 30 September 2020, according to a company press release on 27 October. Original equipment (OE) sales totaled EUR3.7 billion, a decline of 7% y/y. In terms of business groups, sales of Com...
    Nokian Tyres’ Q3 sales down 1.3% y/y to USD409.5 million
    Nokian Tyres has reported a 1.3% year-on-year (y/y) decline in net sales, to EUR349.9 million (USD409.5 million), for the third quarter ended 30 September 2020, according to a company press release on 27 October. Operating profit for the period was EUR62.3 million, down 7.7% y/y. The company posted ...
    ITW’s Q3 sales drop 4.9% y/y to USD3.3 billion
    Illinois Tool Works (ITW) has reported a 4.9% year-over-year (y/y) decline in operating revenues to USD3.3 billion for the third quarter ended 30 September 2020, the US-based supplier said in a press release on 23 October. Lower revenue affected ITW’s operating income, which dropped 9% y/y, t...
    Nidec reports higher first-half net profit of USD57.1 million despite stable sales
    Nidec recorded a 79.2% year-over-year (y/y) increase in net profit, to JPY48.8 billion (USD57.1 million), in the first half of financial year (FY) 2020/21 ended 30 September 2020, the Japanese supplier said in a press release on 26 October. The company also recorded 12% y/y growth in operating incom...
    Plastic Omnium's revenue falls 3.1% y/y to USD2.4 billion in Q3
    Plastic Omnium has reported a decline of 6.4% year on year (y/y) to EUR2.1 billion (USD2.4 billion) for the third quarter ended 30 September 2020, according to a company press release on 22 October. Europe was the biggest market for Plastic Omnium with sales of EUR1.06 billion, which is a fall of 4....
    Sogefi's revenue falls 8.1% y/y to USD339.2 million in Q3
    Sogefi has reported a fall of 8.1% year on year (y/y) in its revenue to EUR341.1 million (USD404.3 million), for the third quarter ended 30 September 2020, according to a company press release on 23 October. EBIT for the quarter increased by 19.8% y/y to EUR15.6 million, and total net income witness...
    Michelin’s sales decline 16.8% y/y to USD17.6 billion in first nine months of 2020
    Michelin has reported a 16.8% year-on-year (y/y) decline in sales to EUR14.8 billion (USD17.6 billion) for the first nine months ended 30 September 2020, according to a company press release on 22 October. Sales in the Automotive and related distribution segment declined by 16.2% to EUR7.2 billion i...
    STRATTEC Security’s Q1 revenue rises 5.2% y/y to USD126.2 million
    STRATTEC Security posted a 5.2% year-on-year (y/y) rise in first quarter revenue, company press release on 22 October read. Net sales for the first quarter ended September 27, 2020 came in at USD126.2 million compared to net sales of USD120.0 million a year earlier. Net income for the period was USD...
    Gentex reports marginal drop y/y in Q3 sales to USD474.6 million
    Gentex has reported a marginal decline of 0.6% year on year (y/y) in net sales to USD477.7 million for the third quarter of fiscal year (FY) 2020, the company said in a press release on 23 October. Income from operations grew 8.3% y/y to USD138.8 million and net income rose by 4.6% y/y to USD117 mil...
    Veoneer Q3 net sales declines 20% y/y to USD371 million
    Veoneer has reported 20% year-over-year (y/y) decline in net sales to USD371 million in the third quarter ended 30 September 2020, the company said in a press release on 23 October. Despite decline in sales, the Sweden-based automotive safety systems supplier narrowed its operating loss to USD103 mi...
    Autoliv’s Q3 net sales up 0.5% y/y USD2 billion
    Autoliv has reported 0.5% year-over-year (y/y) increase in net sales to USD2.03 billion in the third quarter ended 30 September 2020, the company said in a press release on 23 October. Operating income improved by 14% y/y to USD175 million, while adjusted operating income increased 13% y/y to USD206...
    Faurecia reports 7.4% y/y drop in Q3 sales to USD4.9 billion
    Faurecia has reported 7.4% year-over-year (y/y) decline in sales to EUR4.2 billion (USD4.9 billion) in the third quarter ended 30 September 2020, the France-based automotive supplier said in a press release on 23 October. At constant scope and currencies, the company’s sales declined 7% compared t...
    STMicroelectronics’s Q3 2020 revenues up 4.4% y/y to USD2.7 billion
    STMicroelectronics (STM) has reported a growth of 4.4% year on year (y/y) in revenues to USD2.7 billion for the third quarter ended 26 September 2020, according to a company press release on 22 October. Operating income for the quarter declined 2% y/y to USD329 million and net income dropped by 19.6...
    voestalpine expects FY 2020/21 results to be affected by COVID-19 pandemic
    voestalpine AG has announced in a press release dated 22 October that the company expects its full year (FY) 2020/21 results to be affected by nonrecurring write-offs of around EUR200 million (USD236.6 million). The nonrecurring write-offs are neither cash-effective nor affect EBITDA but do affect E...
    Axalta’s Q3 2020 sales decline 7.2% y/y to USD1 billion
    Axalta Coating Systems has reported a 7.2% year-on-year (y/y) decline in sales to USD1 billion for the third quarter ended 30 September 2020, according to a company press release on 22 October. However, income from operations grew by 15.2% y/y to USD141.7 million and net income rose 24.2% y/y to USD...
    Texas Instruments’ Q3 revenue up 1.2% y/y to USD3.82 billion
    Texas Instruments has reported a 1.2% year-on-year (y/y) rise in third quarter revenue, a press filing by the American company on 20 October showed. Revenue climbed to USD3.82 billion from USD3.77 billion from the previous corresponding period. Net income fell 5% to USD1.53 billion. Revenue from ...
    PPG’s Q3 revenue declines 3.6% y/y to USD3.7 billion
    PPG Industries has reported a 3.6% year-on-year (y/y) decline in net sales to USD3.7 billion for the third quarter ended 30 September 2020, the US-based supplier said in a press release on 19 October. Net income for the quarter rose 20.4% y/y to USD442 million and Income before income taxes grew by ...
    TomTom posts 10% y/y fall in Q3 revenue at USD174.1 million
    TomTom reported a 10% year-on-year (y/y) drop in third-quarter revenue at EUR123.7 million (USD174.1 million), a press filing by the mapmaker on 14 October showed. Revenue came in at EUR123.7 million from EUR147.9 million. Net loss for the period shrunk to EUR62 million from EUR67 million. Gross mar...
    Henkel's Q3 organic sales up 3.9% y/y to around USD5.8 billion
    Henkel has reported an organic growth of 3.9% year on year (y/y) to around EUR5 billion (USD5.8 billion) during the third quarter ended 30 September 2020, according to a company press release on 9 October. The Adhesive Technologies business unit achieved positive organic sales growth of 1.3% y/y in ...
    PPG expects Q3 sales volumes to decline 5% y/y
    PPG Industries has announced that the company expects its third quarter 2020 sales volumes to decline 5% year on year (y/y), which is below the lower-end of the previously communicated guidance range of down 6% to 11%, according to a company press release on 8 October. The company is scheduled to re...
    HELLA’s Q1 2020/21 sales drop 10% y/y to USD1.6 billion
    HELLA reported a 10.6% year-on-year (y/y) decline in currency and portfolio-adjusted consolidated sales to EUR1.4 billion (USD1.6 billion) for the first quarter ended 31 August 2020, according to a company press release on 24 September 2020. The adjusted EBIT also dropped 49.5% y/y to EUR56 million....
    Osram raises guidance due to stronger business recovery
    Germany-based Osram Licht AG has raised the guidance for the fiscal year 2020 due to stronger business recovery in summer, in particular in August, the company announced in a press release on 16 September. The company now expects a comparable revenue decline of approximately -14% as compared with...
    Grupo Antolin’s H1 2020 sales down 42% y/y to USD1.7 billion
    Grupo Antolin has reported a decline of 42% year on year (y/y) in sales to EUR1.5 billion (USD1.7 billion) for the first six months ended 30 June 2020, according to a company press release on 10 September. The fall in sales resulted in a 77% y/y drop in EBITDA to EUR52 million. The company’s sa...
    SNT Corporation’s Q1 2020 sales slide 31.9% y/y to USD33 million
    Japan-based automotive components supplier, SNT Corporation, has published its financial results for the first quarter of this year. According to a press release issued by SNT Corporation on 12 August, the company posted sales of JPY3.51 billion (approximately USD33 million) during the April–June ...
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