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    Special Report: Impact analysis of COVID-19 and the chip shortage crisis
    Compared to the previous light vehicle production forecast, almost 1.5 million fewer vehicles are forecast to be produced in 2021, which translates to a growth of 11.7% over 2020. Another 1 million more cars are now forecast to be produced in 2022 followed by a 700,000-unit increase in 2023. These v...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    MAHLE reports H1 2021 revenues at USD6.69 billion, up 32% y/y
    Stuttgart-based supplier of powertrain technologies MAHLE has reported total first half of 2021 revenue at EUR5.67 billion (USD6.69 billion), up 32% y/y, the company announced on 31 August. MAHLE’s first half 2020 revenues were about 4.28 billion on account of the COVID-19 pandemic. T...
    Cerence posts 29% y/y growth in Q3 revenue to USD96.8 million
    Cerence has reported a 29% year-on-year (y/y) rise in third quarter revenue at USD96.8 million, the company said in a press release on 9 August. Net income for the period came in at USD5.8 million compared to a loss of USD28.1 million last year. Gross margin was 75.4% versus 63.3% last year. “E...
    NVIDIA’s Q2 revenue surges 68% y/y to USD6.51 billion
    NVIDIA has reported a 68% year-on-year (y/y) rise in second quarter revenue at USD6.51 billion, according to a company press release on 18 August. Net income for the period rose to USD2.37 billion from USD622 million. Operating margin was 64.8% compared to 58.8% last year. NVIDIA posted second-qu...
    Umicore reports H1 2021 revenue at USD2.45 billion, up 37% y/y
    Brussels-based materials technology company Umicore has posted its first half 2021 revenues at EUR2.1 billion (USD2.45 billion), recording a y/y growth of 37%. Its adjusted EBIT amounted to EUR625 million, up 157% compared to the corresponding period last year. The company attributed its strong p...
    Yokohama reports 27.7% y/y rise in H1 2021 sales revenue at USD2.75 billion
    Yokohama Rubber has reported a 27.7% year-on-year (y/y) increase in half year sales revenue at JPY303.8 billion (USD2.75 billion), according to the company’s official filing on 11 August. Interim profit attributable to owners of parent surged to JPY36.93 billion compared to JPY1.26 billion in the ...
    Nexteer’s H1 2021 revenue rises 43.3% y/y to USD1.73 billion
    Nexteer Automotive has reported a 43.3% year-on-year (y/y) rise in its revenue for the first half of fiscal 2021 at USD1.73 billion, according to a company filing on 17 August. Net profit for the six months ended 30 June 2021 was USD83.1 million, compared to USD1.3 million last year. The low ba...
    GRAMMER’s H1 revenue rises 32.2% y/y to USD1.14 billion
    GRAMMER has reported revenue of EUR972.5 million (USD1.14 billion) for the first half of fiscal 2021, representing a 32.2% year-on-year (y/y) increase, according to a company press release on 12 August. Both divisions from Automotive and Commercial Vehicles posted growth in revenue overall, by 28.9 ...
    Schaeffler H1 2021 revenue rises 25.9% y/y to USD8.23 billion
    German automotive and industrial supplier Schaeffler has presented its interim report for the first half of fiscal year (FY) 2021. According to a press release issued by Schaeffler on 4 August, the company generated a revenue figure of EUR7.01 billion (approximately USD8.23 billion) during the ...
    Linamar sales up 71% y/y in Q2 2021 to USD1.27 billion
    Linamar has reported sales of CAD1.57 billion (about USD1.27 billion), up CAD651.7 million from CAD923.6 million in the second quarter (Q2) of 2020. The Company’s normalized operating earnings for Q2 2021 was CAS152.2 million. This compares to normalized operating loss of CAD19.4 million in Q2 202...
    Norwegian battery maker FREYR reports USD8 million net loss in Q2 2021
    Oslo-based battery cell maker, FREYR Battery has reported a net loss of USD8 million in Q2 2021 as against the net loss of USD 1 million for the corresponding period last year, the company said in a press release on 12 August. The company said that the recorded net loss for the second quarter end...
    EVgo reports Q2 2021 revenues at USD4.78 million, up 62% y/y
    Electric vehicle charging network provider, EVgo Inc. has reported USD4.78 million for the second quarter ended June 30, 2021, up 62% y/y over USD2.95 million in the second quarter of 2020, the company said in its financial results on 11 August. The company’s revenues in first quarter 2021...
    Leoni’s Q2 revenue nearly doubles y/y to USD1.52 billion
    Leoni has reported a 92.6% year-on-year (y/y) rise in revenue for the second quarter at EUR1.30 billion (USD1.52 billion), the company said in a press release on 11 August. Consolidated net loss was EUR9 million compared to a loss of EUR123 million last year. EBIT before exceptional items as well as...
    Martinrea Q2 2021 sales rises 92.1% y/y to USD705.9 million
    Canada-based automotive lightweight structures and propulsion systems supplier, Martinrea International, has published its financial results for the second quarter of the 2021 fiscal year. According to a press release issued by Martinrea on 10 August, the company stated that it posted a sales figure...
    Pirelli reports Q2 2021 revenues at USD1.55 billion, up 73% y/y
    Italian tire manufacturer Pirelli has reported second quarter 2021 revenues at USD1.55 billion, up 73% y/y, the company said in its financial results on 5 August. The growth recorded in the quarter ending 30 June was supported by the general recovery in the demand for vehicles, the company said. The...
    American Axle & Manufacturing (AAM) Q2 2021 net sales rises 146% y/y to USD1.28 billion
    American Axle & Manufacturing (AAM) has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by AAM on 30 July, the company posted net sales of USD1.28 billion, which implies an increase of over 146% year over year (y/y) from th...
    Illinois Tool Works' (ITW) second quarter 2021 revenue climbs 43.4% y/y to USD3.7 billion
    US-based automotive components supplier, Illinois Tool Works (ITW), has published its financial results for the second quarter of fiscal year (FY) 2021. According to a press release issued by ITW on 30 July, the company has generated revenues of USD3.68 billion during the second quarter 2021 pe...
    SK Innovation Q2 2021 revenue climbs 55.9% y/y to USD9.71 billion
    South Korean electromobility components supplier, SK Innovation, has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by SK Innovation on 3 August, the company stated that it recorded revenues of KRW11.12 trillion (approximately...
    Magna Q2 2021 sales increase 110% y/y to USD9.03 billion
    Global automotive supplier, Magna has reported total sales of USD9.03 billion in the second quarter 2021, registering a y/y growth of 110%, the company said in its earnings release on 6 August. According to the company, revenues from body exteriors and structures contributed USD3.65 billion to ...
    Ichikoh posts 26.5% y/y rise in H1 2021 net sales to USD596.3 million
    Ichikoh Industries, a Valeo company, has reported a 26.5% year-on-year (y/y) rise in half year net sales at JPY65.40 billion (USD596.3 million), according to a company press release on 6 August. Net income for the period was JPY3 billion, compared with net loss of JPY636 million in the same period a...
    Lear’s Q2 2021 net sales nearly doubles y/y to USD4.76 billion
    Lear has reported a 95% year-on-year (y/y) surge in second quarter net sales to USD4.76 billion, the company said in a press release on 6 August. Net income for the period came in at USD175.2 million compared to a loss of USD293.9 million last year. Core operating earnings was USD233 million compare...
    Tenneco Q2 2021 revenue rises 73.8% y/y to USD4.58 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Tenneco on 5 August, the company stated that it generated revenues of USD4.58 billion during the second quarte...
    Goodyear Q2 2021 net sales climbs 85.6% y/y to USD3.98 billion
    US-based tire manufacturer, Goodyear Tire & Rubber Company, has reported its financial results for the second quarter and first half of fiscal year (FY) 2021. According to a press release issued by Goodyear on 6 August, the company posted sales of USD3.98 billion, which represents an increase of...
    Velodyne Lidar reports 52.1% y/y slump in Q2 revenue to USD13.6 million
    Velodyne has reported a 52.1% year-over-year (y/y) decline in second quarter revenue at USD13.6 million, according to a company press release on 5 August. Net loss for the period was USD80.7 million compared to a loss of USD9.7 million last year. “The use of lidar today in our served markets an...
    Aptiv’s Q2 net sales nearly doubles y/y to USD3.81 billion
    Aptiv reported a 94.2% year-on-year (y/y) growth in net sales for the second quarter at USD3.81 billion, according to a company press release on 5 August. Net income came in at USD147 million compared to a loss of USD369 million last year. “Aptiv's first half performance, which includes record ...
    Continental’s Q2 2021 consolidated sales climb 49.7% y/y to USD11.73 billion
    Germany-based automotive components and systems supplier Continental has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Continental on 5 August, the company posted a consolidated sales figure of EUR9.91 billion (a...
    Hankook Tire Q2 2021 sales rise 32.4% y/y to USD1.58 billion
    South Korean tire manufacturer, Hankook Tire, has published it financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Hankook Tire on 4 August, the company stated that it posted a second quarter 2021 sales figure of KRW1.81 trillion (approximate...
    ElringKlinger Q2 2021 revenue rises 56% y/y to USD466 million
    Reporting its second quarter 2021 financial results on 5 August, German auto parts maker ElringKlinger AG has reported a revenue of USD466 million (EUR394 million), up 56% y/y compared to the same period last year. According to the company, it saw its revenue in Germany grow by 37% y/y and by 92%...
    Kongsberg Automotive Q2 2021 revenue climbs 92.6% y/y to USD350.8 million
    Norwegian automotive components supplier, Kongsberg Automotive, has announced its financial results for the second quarter of fiscal year 2021. According to a press release issued by Kongsberg on 30 July, the company posted revenues of EUR295.9 million (approximately USD350.8 million) during the sec...
    BorgWarner Q2 2021 net sales rises 164% y/y to USD3.76 billion
    US-based automotive components and systems supplier, BorgWarner, has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by BorgWarner on 4 August, during the second quarter this year, the company posted net sales of USD3.76 billio...
    Modine Q1 2021 net sales increases 42.2% y/y to USD494.6 million
    US-based thermal management technology and solutions provider, Modine, has published its financial results for the three months ended 30 June 2021. According to a press release issued by Modine on 4 August, the company posted a net sales figure of USD494.6 million during the first quarter of the 202...
    Infineon reports 25.2% y/y increase in Q3 2021 revenue to USD3.23 billion
    Infineon has reported a 25.2% year-on-year (y/y) growth in third quarter revenue for fiscal 2021 at EUR2.72 billion (USD3.23 billion), according to a press filing on 3 August. Net income for the period ended 30 June was EUR245 million compared to a loss of EUR128 million in the previous correspondin...
    Indian auto component industry reports turnover of USD45.9 billion in FY 2020–21
    Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the findings of its industry performance review for the fiscal year (FY) 2020–21 on 3 August. According to the lobby, Indian auto component indus...
    Dana's Q2 2021 sales double y/y to USD2.21 billion
    US-based automotive components supplier, Dana Inc., has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Dana on 30 July, the company stated that it posted sales of USD2.21 billion, up 104% year-over-year (y/y) from the USD1....
    Trelleborg Q2 2021 net sales increase 22.8% y/y to USD1.01 billion
    Trelleborg has published its financial results for the second quarter of  fiscal year (FY) 2021. According to a press release issued by Trelleborg on 22 July, the Sweden-based components supplier has posted net sales of SEK8.64 billion (approximately USD1.01 billion) during the second quarter 2...
    AGC posts 24% y/y increase in H1 2021 revenue at USD7.40 billion
    AGC has reported a 24% year on year (y/y) increase in its half-year net sales at JPY811.33 billion (USD7.40 billion), according to a press release on 2 August. Operating profit for the period nearly quadrupled to JPY95.21 billion. Net income also surged to JPY63.84 billion from JPY11.44 billion last...
    NXP’s Q2 revenue up 42.9% y/y to USD2.60 billion
    NXP Semiconductor has reported a 42.9% year-on-year (y/y) rise in second quarter revenue, according to its media filing on 2 August. Revenue jumped to USD2.60 billion from USD1.82 billion. Operating income came in at USD573 million compared to a loss of USD145 million last year. Net income was USD39...
    LG Chem Q2 2021 revenue rises 65.2% y/y to USD9.96 billion
    South Korea-based chemicals supplier, LG Chem, has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by LG Chem on 29 July, the company stated that it generated revenues of KRW11.46 trillion (approximately USD9.96 billion) during...
    Gestamp reports USD38 million net profit in Q2 2021
    Spanish automotive engineering company, Gestamp has posted EUR32 million (USD38 million) in net profit in second quarter 2021 against a net loss of about EUR134 million incurred in the corresponding quarter last year, the company said while disclosing its quarterly results on 26 July. Gestam...
    ams OSRAM’s Q2 2021 revenue nearly triples to USD1.49 billion
    ams Osram's second quarter consolidated revenue nearly tripled year on year (y/y) to USD1.49 billion, due to the addition of Osram’s earnings, the company reported on 30 July. Sequentially (including Osram, which the Austrian sensor specialist acquired in July 2020), revenue fe...
    DENSO’s Q1 revenue rises 77.3% y/y to USD12.37 billion
    DENSO Corporation has reported a 77.3% year-on-year (y/y) increase in revenue for the first quarter at JPY1.36 trillion (USD12.37 billion), according to an official media filing on 30 July. Net profit came in at JPY89.3 billion and operating profit of JPY107.2 billion. Last year, the company po...
    ZF sales rise 43% y/y to USD22.93 billion in H1 2021
    Friedrichshafen-based ZF Group has reported sales of USD23 billion (EUR19.3 billion) in first half 2021, up 43% year on year (y/y) from USD16 billion (EUR13.5 billion) for the corresponding period last year, the company said while disclosing its financial results on 29 July. According to the...
    Garrett Motion Q2 2021 net sales increase 96% y/y to USD935 million
    Announcing its second quarter 2021 financial results on 29 July, Garrett Motion Inc, a global supplier of powertrain and software solutions, reported net sales of USD935 million, up 96% year on year (y/y) on higher volumes in Europe and North America. The company’s net income for the per...
    Panasonic reports 28.8% y/y rise in Q1 net sales to USD16.34 billion
    Panasonic has reported a 28.8% year-on-year (y/y) rise in net sales at JPY1.79 trillion (USD16.34 billion) for the fiscal first quarter, a company press release read on 29 July. Net profit came in at JPY76.5 billion compared with a loss of JPY9.8 billion a year earlier. Sales in Panasonic’...
    STMicroelectronics posts 43.4% y/y growth in Q2 revenue to USD2.99 billion
    STMicroelectronics reported a 43.4% year-on-year (y/y) growth in revenue for the second quarter of fiscal 2021 at USD2.99 billion, according to a company press release on 29 July. Operating income grew nearly fourfold to USD489 million from USD106 million a year earlier, while net income rose t...
    Visteon Q2 2021 net sales increases 59% y/y to USD610 million
    According to an official press release dated 29 July, Visteon Corporation announced second-quarter net sales of USD610 million, representing a 59% year over year increase excluding currency impact.During the same time period, total industry production increased by 49%, while Visteon's top customer p...
    Gentherm Q2 2021 revenue climbs 95.5% y/y to USD266 million
    US-based thermal and electronics components supplier, Gentherm, has published its financial results for the second quarter and the first six months of fiscal year 2021. According to a press release issued by Gentherm on 29 July, the company posted revenues of USD266 million during the second quarter...
    TE Connectivity’s Q3 2021 net sales rises 51% y/y to USD3.85 billion
    TE Connectivity has reported a 51% year-on-year (y/y) growth in net sales for the third quarter, according to a company press release on 28 July. Net sales came in at USD3.85 billion versus USD2.55 billion a year earlier. Net income was USD580 million compared to a loss of USD41 million a year ...
    Garmin posts 53% y/y growth in Q2 2021 revenue to USD1.33 billion
    Garmin has reported a 53% year-on-year (y/y) rise in revenue for the second quarter of fiscal year (FY) 2021, according to its press filing on 28 June. Net sales came in at USD1.33 billion compared to USD869.9 million a year earlier. Net income was USD317 million compared to USD184.2 million in the ...
    Constellium H1 2021 revenue climbs 15.8% y/y to USD3.39 billion
    France-based aluminum products supplier, Constellium, has published its financial results for the first half of the 2021 fiscal year (FY). According to a press release issued by Constellium on 28 July, the company stated that it posted revenues of EUR2.86 billion (approximately USD3.39 billion) duri...
    SiriusXM’s Q2 revenue grows 15.2% y/y to USD2.16 billion
    SiriusXM has reported a 15.2% year-on-year (y/y) rise in revenue for the second quarter of fiscal 2021, according to its press filing on 27 July. While revenue came in at USD2.16 billion compared to USD1.87 billion a year earlier, while net income surged 78.2% y/y to USD433 million. Q2 net income in...
    Axalta Q2 2021 net sales climb 73% y/y to USD 1.13 billion
    Axalta Coating Systems has reported second quarter 2021 net sales of USD1.13 billion, recording a y/y growth of 73%, including a 5.3% foreign currency benefit, driven by 56.4% higher volumes and 9.3% higher average price and product mix, the company said while announcing its financial results o...
    Faurecia H1 2021 sales rise 27.9% y/y to USD9.19 billion
    France-based automotive components and systems supplier, Faurecia, has published its financial results for the first half of the 2021 fiscal year (FY). According to a press release issued by Faurecia on 26 July, the company posted sales of EUR7.78 billion (approximately USD9.19 billion) during the f...
    Gentex posts 86% y/y increase in Q2 sales at USD428 million
    Gentex has reported an 86% year-on-year (y/y) increase in sales for the second quarter of fiscal 2021, it said in a press release on 23 July. Sales came in at USD428 million compared to USD229.9 million a year earlier while net income was USD86.5 million compared to a loss of USD2.4 million last yea...
    Texas Instruments reports Q2 revenues at USD4.58 billion, up 41% y/y
    Texas Instruments’ second quarter 2021 revenues were at USD4.58 billion, up 41% y/y, the company said while reporting its financial results on 21 July. According to Rich Templeton, TI's chairman, president, and CEO, “revenue increased 7% sequentially and increased 41% from the same quarter a yea...
    Sogefi H1 2021 revenue rises 34.9% y/y to USD803.75 million
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the first six months of the 2021 fiscal year (FY). According to a press release issued by Sogefi on 23 July, the company posted a revenue of EUR682.5 million (approximately USD506 million) in the first h...
    Valeo posts 27.4% y/y increase in first half 2021 sales at USD10.60 billion
    Valeo has posted a 27.4% year-on-year (y/y) growth in sales for the first half of fiscal 2021, according to a filing on 22 July. Sales came in at EUR8.99 billion (USD10.60 billion) compared with EUR7.06 billion a year earlier. Net profit was EUR90 million, versus a loss of EUR1.22 billion last ...
    Plastic Omnium posts 28% y/y rise in HY2021 revenue at USD4.88 billion
    Plastic Omnium has announced a 28% year-on-year (y/y) growth in revenue for the first half of 2021, according to a company press release filed on 21 July. Economic revenue came in at EUR4.14 billion (USD4.88 billion) compared to EUR3.23 billion a year earlier. Net profit for the period was EUR149 mi...
    Nidec reports 32.8% y/y growth in Q1 net sales to USD4.08 billion
    Japan-based automotive components supplier, Nidec Corporation, has announced its financial results for the first quarter of the 2021 fiscal year (FY). According to a press release issued by Nidec on 21 July, the company posted net sales of JPY447.47 billion (approximately USD4.08 billion) during fir...
    SKF reports record operating profit for first half of 2021
    Gothenburg-based bearings manufacturing company, SKF has reported its second quarter 2021 financial results on 20 July. At SEK40,600 million (USD4.7 million), the company’s first half 2021 net sales have grown 12% year-on-year (y/y). The adjusted operating profit stood at SEK5,907 millio...
    TomTom records 8% y/y growth in Q2 revenue at USD157.2 million
    TTomTom’s revenue increased by 8% year on year (y/y) to EUR133 million (USD157.2 million) in the second quarter of 2021, according to a press release. Location Technology revenue increased by 10% to EUR103 million (second quarter 2020: EUR94 million). Automotive operational revenue increased by 63...
    voestalpine's FY 2020 revenue declines 11.4% y/y to USD13.3 billion
    Austria-based manufacturer of automotive body-in-white (BIW) components, voestalpine AG, has announced its financial results for the 2020–21 fiscal year (FY). According to a press release issued by Voestalpine on 9 June, the company posted a revenue of EUR11.3 billion (approximately USD13.3 billio...
    Motherson Sumi’s FY 2020/21 revenue down 5.5% y/y to USD7.7 billion
    Motherson Sumi Systems has reported a 5.5% year-on-year (y/y) decline in revenue from operations to INR 569.51 billion (USD7.7 billion) for the fiscal year ended 31 March 2021. Profit before tax amounted to INR11.73 billion, down 27.7% y/y. Net Profit attributable to owners of the company also fell ...
    Grupo Antolin’s Q1 sales up 2.2% to USD1.2 billion
    Grupo Antolin has reported a 2.2% year-on-year (y/y) growth in sales to EUR1.07 billion (USD1.2 billion) in the first quarter of 2021, according to a company press release on 31 May 2021. At a constant exchange rate, sales grew by 6.6%. Grupo Antolin improved its EBITDA by 26.2% in the first quarter...
    Modine reports 8% y/y decline in net sales to USD1.8 billion for FY 2020/21
    American thermal management technology and solutions provider Modine has reported an 8% year-on-year (y/y) decline in net sales to USD1.8 billion for the fiscal year ended 31 March 2021, according to a company press release on 26 May. Adjusted EBITDA was USD164.8 million, down USD9.6 million from th...
    Röchling’s FY 2020 sales down 13.3% y/y to USD2.5 billion
    Röchling’s sales declined 13.3% year on year (y/y) to EUR2 billion (USD2.4 billion) in the financial year 2020 ended 31 December, according to a company press release on 20 May. EBIT, however, fell by EUR79.6 million to about EUR2.3 million, resulting in EBIT margin of 4.9% compared with 7.3% in ...
    NTN’s FY 2020/21 net sales decline 13.7% y/y to USD5.1 billion
    NTN’s net sales declined by 13.7% year-on-year (y/y) to JPY562.8 billion (USD5.1 billion) for the fiscal year ended 31 March 2021, according to a company press release on 14 May 2021. The company has posted an operating loss of JPY3.1 billion, compared with an operating income of JPY7.5 billion in...
    Plastic Omnium’s FY 2020 revenue falls 16.7% y/y to USD9.37 billion
    France-based automotive components and systems supplier, Plastic Omnium, has announced its financial results for the 2020 fiscal year. According to the company’s annual report, Plastic Omnium generated consolidated revenues of EUR7.07 billion (approximately USD8.63 billion) during FY 2020. This im...
    Bridgestone posts 7.2% y/y increase in revenue for Q1 2021 to USD6.87 billion
    Japan-based tire manufacturer Bridgestone has announced its financial results for the first quarter of 2021. According to a press statement issued by Bridgestone on 17 May, the company has posted a revenue of JPY757 billion (approximately USD6.87 billion) during first quarter this year ended 31 Marc...
    Tachi-S’s FY 2020/21 net sales drop 29.7% y/y to USD1.8 billion
    Japanese interior parts supplier Tachi-S has reported a 29.7% year-on-year (y/y) decline in net sales to JPY198.5 billion (USD1.8 billion) for the fiscal year (FY) ended 31 March 2021, according to a company press release on 14 May. The company posted an operating loss of JPY7.7 billion compared wit...
    Apollo Tyres reports 6% y/y revenue growth in FY 2021 to USD2.3 billion
    Indian tiremaker Apollo Tyres has reported a 6% year-on-year (y/y) increase in consolidated revenue from operations to INR174 billion (USD2.3 billion) for the fiscal year (FY) ended 31 March 2021, according to a company press release on 12 May. The company’s profit before taxes, however, declined ...
    Yokohama Rubber's Q1 2021 sales up 15.9% y/y to USD1.35 billion
    Yokohama Rubber has reported its business and financial results for the first quarter ended 31 March 2021. According to a company statement on 14 May, sales increased 15.9% year on year (y/y) to JPY149.6 billion (USD1.35 billion), profit attributable to owners of parent climbed to JPY27.8 billion co...
    Leoni's consolidated sales up 20% y/y to USD1.58 billion in Q1 2021
    Leoni has reported a 20% year-on-year (y/y) increase in consolidated sales to EUR1.35 billion (USD1.58 billion) for the first quarter f fiscal year 2021, according to a company press release on 12 May. EBIT before exceptional items as well as before VALUE 21 costs was, with earnings of EUR39 million...
    Kongsberg Automotive reports 15.6% y/y growth in Q1 2021 sales to USD355.4 million
    Kongsberg Automotive has reported growth of 15.6% year on year (y/y) in sales for the first quarter ended 31 March 2021 to EUR302.8 million (USD355.4 million), according to a press release on 12 May. At constant currencies, the y/y sales growth rate was around 20.1%, which is above the overall marke...
    ITW Q1 2021 revenue rises 10.1% y/y to USD3.54 billion
    US-based automotive components supplier, Illinois Tool Works (ITW), has published its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by ITW on 30 April, the company posted a total revenue figure of USD3.54 billion during first quarter 2021, which...
    Martinrea reports results for Q1 2021, provides long-term outlook
    Martinrea International has reported a rise of 14.3% year on year (y/y) in its revenues to CAD997.2 million (USD790.6 million) during the first quarter (ended 31 March 2021), according to a company press release on 6 May. Net income for the period also rose by 33.6% y/y to CAD37.7 million during the...
    Cooper Standard reports 2.1% y/y increase in sales to USD669 million in Q1 2021
    Cooper Standard’s net sales increased 2.1% year on year (y/y) to USD669.0 million in the first quarter (ended 31 March 2021), the US-based automotive supplier said in a press release on 6 May. The company reported a lower net loss of USD33.9 million, compared with a net loss of USD110.6 million in...
    Mitsubishi Heavy Industries FY 2020 revenue slides 8.45% y/y to USD33.97 billion
    Mitsubishi Heavy Industries, Ltd. (MHI) announced its consolidated financial results for the fiscal year (FY) 2020 (ended 31 March 2021). According to a press release issued by MHI on 10 May, the company generated revenue of JPY3.69 trillion (approximately USD33.97 billion). This implies a reduction...
    thyssenkrupp H1 2021 sales decline 20% y/y to USD16 billion
    Germany-based components supplier thyssenkrupp AG has reported a 14% year-on-year (y/y) decline in sales to EUR7.3 billion (USD8.9 billion) for the first half ended 31 March 2021, according to a company press release on 11 May. Order intake for the half declined 14% y/y. Negative EBIT for the first ...
    Cerence reports 14% y/y rise in Q2 FY 2021 revenues to USD98.7 million
    Cerence has reported a 14% y/y (year-on-year) rise in second quarter revenues to USD98.7 million, according to a company press release on 10 May. Net income fell to USD11.2 million from USD12.8 million a year earlier. Research and development (R&D) expenses rose to USD28.86 million from USD21.35...
    Panasonic posts 10.6% y/y decline in FY 2020/21 net sales to USD61.68 billion
    Panasonic has posted net sales of JPY6.70 trillion (USD61.68 billion) for full year 2020/21, a 10.6% year-on-year (y/y) fall from JPY7.49 trillion a year earlier. Net profit slumped 26.8% y/y to JPY165.1 billion, a company press release on 10 May read. Operating profit came in at JPY258.6 billion fr...
    Velodyne Lidar reports first quarter 2021 financial results
    In a press release on 10 May, Velodyne Lidar announced the financial results for its first quarter ended 31 March 2021 on the company website. The company shipped a market leading 2,684 sensor units in the first quarter of 2021. Total revenue of USD17.7 million compared to USD17.8 million in...
    Brembo’s reports 17.2% y/y rise in Q1 2021 revenues to USD792.3 million
    Italian manufacturer of automotive braking components and systems, Brembo, has released its financial results for the first quarter of 2020. According to a press release issued by the company on 10 May, Brembo generated revenue of EUR675.1 million (USD792.4 million) during first quarter of 2021. Thi...
    TS Tech’s FY 2020/21 sales down 3.8% y/y to USD3.14 billion
    TS Tech has reported a 3.8% year-over-year (y/y) decline in revenue to JPY346.1 billion (USD3.14 billion) for the financial year ended 31 March 2021, the Japanese automotive seating supplier said in a press release on 30 April. Despite lower sales, operating income grew by 1.6% y/y to JPY26.7 billio...
    Toyota Boshoku’s FY 2020/21 sales decline 7.3% y/y to USD11.5 billion
    Toyota Boshoku’s sales declined 7.3% year-on-year (y/y) to JPY1.2 trillion (USD11.5 billion) in the fiscal year ended 31 March 2021. Operating profit grew 19.5% y/y to JPY57.1 billion and net profit rose 25.8% by to JPY31.2 billion. In the fiscal year, Toyota Boshoku reported 9.5% y/y decline i...
    Aptiv reports first quarter 2021 financial results
    Aptiv PLC, global technology company focused on making mobility safer, greener, and more connected, announced first quarter 2021 US GAAP earnings of USD1.03 per diluted share on its company website on 10 May. “We had a strong start to the year, delivering better than expected revenues...
    Lear’s Q1 2021 sales rise 20% y/y to USD5.4 billion
    Lear has reported results for the first quarter ended 3 April 2021. According to a company press release on 7 May, sales for the quarter increased 20% year on year (y/y) to USD5.4 billion. Excluding the impact of foreign exchange, commodities, and acquisitions, sales were up 15%, reflecting increase...
    Magna Q1 2021 sales rise 17.6% y/y to USD10.18 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the first quarter of the 2021 fiscal year. In a press release issued by Magna on 6 May, the company announced that it registered sales of USD10.18 billion, which implies a climb of 1...
    ElringKlinger Q1 2021 revenue increases 7% y/y to USD511.6 million
    ElringKlinger has reported a 7% year-on-year (y/y) growth in revenue to EUR424.1 million (USD511.6 million) for the first quarter ended 31 March 2021, according to a company press release on 6 May 2021. Organic revenue growth amounted to EUR42.3 million or 10.7%. EBITDA for the period was EUR77.2 mi...
    Adient reports 8.8% y/y growth in Q2 revenue to USD3.8 billion
    Automotive seating supplier Adient has reported an 8.8% year-over-year (y/y) growth in revenue to USD3.8 billion for the second quarter ended 31 March 2021, the company said in a press release on 6 May. The company reported net income of USD69 million compared with net loss of USD19 million in the s...
    Koito’s FY 2020/21 sales down 11.8% y/y to USD6.4 billion
    Koito has reported full year sales of JPY706.3 billion (USD6.4 billion), down 11.8% year-on-year (y/y) for the year ended 31 March 2021, according to a company press release on 27 April. Operating income for the year also declined by 31.2% y/y to JPY56.7 billion and net income fell by 35.2% y/y to J...
    Tenneco Q1 2021 revenue climbs 23.3% y/y to USD4.73 billion
    US-based automotive components and systems supplier, Tenneco, has announced its financial results for the first quarter of fiscal year 2021. According to a press release issued by Tenneco on 6 May, the company generated revenues of USD4.73 billion, which implies a 23.3% year-over-year (y/y) increase...
    Continental Q1 2021 sales rise 3.5% y/y to USD12.38 billion
    Germany-based automotive components and systems supplier, Continental, has published its financial results for the first quarter of the 2021 fiscal year. In a press release issued by Continental on 6 May, the company announced that it registered sales of EUR10.26 billion (approximately USD12.38 bill...
    BorgWarner’s Q1 2021 net sales rises 75.9% y/y to USD4.01 billion
    American automotive powertrain components and systems supplier, BorgWarner, has published its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by BorgWarner on 5 May, the company posted a net sales figure of USD4.01 billion during the first quarter...
    Elmos reports 20.1% y/y growth in Q1 FY 2021 to USD90.5 million
    Elmos Semiconductor has reported a 20.1% year-on-year (y/y) sales growth in first quarter of fiscal 2021 sales at EUR77.1 million (USD90.5 million), a company press release on 4 May showed. EBIT for the period rose to EUR12.2 million from to EUR 7.1 million in the previous corresponding period while...
    ams Q1 FY 2021 revenue rises nearly three times to USD1.55 billion
    ams first quarter consolidated revenue nearly tripled year-on-year (y/y) to USD1.55 billion, due to the addition of Osram’s earnings. Sequentially (including Osram, which the Austrian sensor specialist acquired in July 2020), revenue fell 9%. Adjusted net income was USD89 million for the...
    Cooper Tire reports 23.3% y/y increase in net sales to USD656 million in Q1 2021
    American tire manufacturer Cooper Tire & Rubber Company has announced its financial results for the first quarter of 2020. According to a press release issued by Cooper Tire on 3 May, the company has posted a net sales figure of USD656 million during the first quarter 2021 period, which implies ...
    STMicroelectronics records 35.2% y/y rise in Q1 FY2021 net revenue at USD3.02 billion
    STMicroelectronics reported 35.2% year-on-year (y/y) growth in revenue for the first quarter of fiscal 2021 at USD3.02 billion, according to a company press release on 29 April. Operating income nearly doubled to USD440 million from USD231 million a year earlier, while net income rose to U...
    Garret Motion’s first quarter 2021 net sales rises by 33.8% y/y to USD997 million
    Switzerland-based automotive powertrain components supplier, Garrett Motion, has published its financial results for the first quarter of the 2021 fiscal year (FY). According to a press release issued by Garrett Motion on 29 April, the company posted a net sales figure of USD997 million during first...
    Gentherm’s first quarter FY 2021 revenue rises 26.2% y/y to USD288.5 million.
    US-based thermal management technology provider, Gentherm, has published its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by Gentherm on 29 April, the company stated that it generated revenues of USD288.5 million, which represents an increase o...
    Visteon posts 14% y/y rise in Q1 FY2021 net sales to USD746 million
    Visteon’s first-quarter net sales have risen 14% year on year (y/y) to USD746 million, a company filing on 29 April showed. Net income for the period was USD16 million, compared with a loss of USD35 million last year. Visteon said sales growth was primarily driven by rebound in the mainland China ...
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