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    Freudenberg FY 2019 sales climbs 1.6% y/y in mainland China, local investments rise by 83%
    Germany-based automotive components and technology firm, Freudenberg, has announced its financial results for the fiscal year 2019. According to a press release issued by Freudenberg on 8 April, the company has stated that it registered sales of EUR9.47 billion (approximately USD10.37 billion) durin...
    COVID-19 pandemic: Autoliv suspends operations at plants in Europe, America, India, Malaysia, Philippines
    Autoliv has suspended manufacturing operations at almost all of its plants in Europe, North and South America, India, Malaysia, and the Philippines due to the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release on 2 April. According to the Swedish supplier, the producti...
    03-Apr-2020 News COVID-19
    Freudenberg's net sales rises marginally to USD10.6 billion in 2019
    Freudenberg Group has reported a sales of EUR9.46 billion in the full year ended 31 December 2019, compared to EUR9.45 billion (USD10.6 billion) in the previous year, according to a company press release on 1 April. Operating income of the Freudenberg Group, however, fell 9.9% year on year (y/y) to ...
    HELLA’s sales decline 6.2% y/y to USD5.3 billion in first nine months of FY 2019/20
    HELLA has reported a decline of 6.2% year on year (y/y) in sales to EUR4.8 billion (USD5.3 billion) in the first nine-month period (1 June 2019 to 29 February 2020), the German company said in a press release on 2 April. Currency and portfolio-adjusted sales fell by 3.7% y/y. The adjusted EBIT decre...
    Valmet Automotive FY 2019 sales declines 2% y/y to USD730 million
    Valmet Automotive’s sales declined 2% year over year (y/y) to EUR651.5 million (USD730 million) in the financial year ended 31 December 2019, the company said in a press release on 31 March. Despite marginal decline in sales, the company recorded 39% y/y increase in group EBITDA to EUR78.8 million...
    Leoni’s full year 2019 revenue falls 5% to USD5.43 billion
    Leoni posted a 5% year-on-year (y/y) fall in full year 2019 revenue, according to a company press release on 30 March. While revenue came in at EUR4.85 billion (USD5.43 billion), it posted a consolidated net loss of EUR435 million, compared to a profit of EUR73 million in the full year ended 31...
    Elringklinger's sales grow 1.6% y/y to USD1.9 billion in 2019
    Elringklinger has reported an increase of 1.6% year on year (y/y) in its sales to EUR1.7 billion (USD1.9 billion) during the full year ended 31 December 2019, according to a company press release on 30 March. Profit for the period, however fell by 90.6% y/y to EUR4.1 million. EBIT during t...
    Nexteer 2019 sales drops 19% y/y to USD3.58 billion
    Nexteer Automotive has reported its annual results for the fiscal year ended 31 December 2019.  According to a company press release on 29 March, revenues in 2019 declined 8.6% year on year (y/) to USD3.58 billion. Net profit also fell by 38.7% y/y to USD232.4 million, largely reflecting the im...
    SNT Corporation April–December net income drops 19.6% y/y to USD7.7 million
    Japanese auto components manufacturer SNT Corporation has released its financial results for the first nine months ended 31 December 2019, according to a press release on 14 February. The company reported a decline of 19.6% year on year y/y in its net profit to JPY850 million (USD7.7 million). ...
    Grammer 2019 profit after tax up 87.5% y/y to USD48.7 million
    Grammer has confirmed its previously announced preliminary results for the financial year (FY) ended 31 December 2019, the company said in a press release on 30 March. The Germany-based automotive interior supplier’s profit after tax increased 87.5% year over year (y/y) to EUR43.5 million (USD48.7...
    ZF 2019 sales drop marginally y/y to USD40.9 billion
    ZF’s sales declined 1% year-over-year (y/y) to EUR36.5 billion (USD40.9 billion) in the financial year ended 31 December 2019, the automotive supplier said in an annual press conference in Friedrichshafen, Germany, on 26 March. Adjusted for currency and merger and acquisition (M&A) effects, sa...
    COVID-19 pandemic: AAM withdraws FY 2020 outlook, provides updates on liquidity
    US-based auto components supplier American Axle & Manufacturing Holdings, Inc. has announced that it has withdrawn its financial outlook for the fiscal year 2020 period due to the uncertainties posed by the ongoing coronavirus disease 2019 (COVID-19) pandemic. According to a press statement i...
    26-Mar-2020 News COVID-19
    COVID-19 pandemic: Axalta withdraws FY 2020 financial outlook
    Axalta Coating Systems Ltd. has provided an update regarding the impact of the coronavirus disease 2019 (COVID-19) pandemic on its business and actions. According to a company press release on 24 March 2020, Axalta is withdrawing its previous financial guidance for 2020, which did not reflect the im...
    25-Mar-2020 News COVID-19
    COVID-19 pandemic: Dana withdraws FY 2020 financial outlook
    Dana has decided to withdraw its full-year financial guidance in the wake of the coronavirus disease 2019 (COVID-19) pandemic, the US-based automotive supplier said in a press release on 23 March. The company said its first quarter financial results will be impacted primarily by the changes in custo...
    24-Mar-2020 News COVID-19
    COVID-19 pandemic: Martinrea withdraws financial guidance
    Martinrea International Inc. has announced that the company is withdrawing its financial guidance for the first quarter of 2020 as well as its 2021 outlook amid the uncertainty regarding the duration and business impact owing to the coronavirus disease 2019 (COVID-19) pandemic, according to a compan...
    24-Mar-2020 News COVID-19
    COVID-19 pandemic: Adient suspends FY 2020 outlook
    Adient has suspended its financial guidance for the current financial year (FY) ending 30 September 2020 citing unprecedented global economic uncertainty caused by the coronavirus disease 2019 (COVID-19) pandemic, the company said in a press release. The automotive seating supplier will provide a bu...
    23-Mar-2020 News COVID-19
    COVID-19 pandemic: HELLA cuts outlook for current fiscal year
    HELLA has cut its outlook for the current fiscal year ending 31 May 2020 due to the impact on business by the coronavirus disease 2019 (COVID-19) pandemic, the German lighting and electronics company announced in a press release on 18 March. “Sales and earnings forecast for current fiscal year lik...
    19-Mar-2020 News COVID-19
    u-blox’s FY 2019 sales drops 2.1% y/y to USD396.6 million
    Switzerland-based wireless and positioning technologies specialist u-blox has a drop of 2.1% year on year (y/y) in revenues to CHF385.1 million (USD396.6 million) for the fiscal year ended 31 December 2019, according to a company press release on 13 March. EBIT (adjusted) amounted to CHF43.1 million...
    Commercial Vehicle Group’s FY 2019 net income falls 62% y/y to USD15.8 million
    Commercial Vehicle Group (CVG) has reported a drop of 62% year on year (y/y) in net income to USD15.8 million for the fiscal year ended 31 December 2019, according to a company press release on 17 March. The company recorded a marginal growth of 0.3% y/y in revenues to USD901.2 million. CVG reported...
    Linamar's sales fall 2.6% y/y to USD5.6 billion in 2019
    Linamar has reported a fall of 2.6% year on year (y/y) in its sales to CAD7.4 billion (USD5.6 billion) during the full year ended 31 December 2019, according to a company press release on 11 March. Net earnings for the same period fell 27.2% y/y to CAD430.4 million. Sales in the Transportation segme...
    Brembo’s FY 2019 revenue drops by 1.8% y/y to USD2.94 billion
    Italian brake manufacturer Brembo has released its financial results for the fiscal year of 2019. According to a press release issued on 9 March, the company has stated that its revenue for the fiscal year of 2019 period stands at EUR2.59 billion (approximately USD2.94 billion). This represents a de...
    Martinrea’s net income declines 2.5% y/y to USD138.2 million
    Canada-based automotive components supplier Martinrea has posted its financial results for the fourth quarter of 2019 and full fiscal year 2019. According to a press statement released by the company dated 5 March, the company’s net income for the fiscal year of 2019 period stands at CAD181.22 mil...
    Henkel's sales grow 1.1% y/y to USD22.4 billion in 2019
    Henkel has reported a growth of 1.1% in its net sales to EUR20.1 billion (USD22.4 billion) during the full year ended 31 December 2019, according to a company press release on 5 March. Adjusted net income after deducting noncontrolling interests fell 9.6% y/y to EUR2.3 billion in the 12-month period...
    Bekaert FY2019 consolidated sales rises 0.4% y/y to USD4.85 billion
    Belgium-based components supplier Bekaert has posted its financial results for the fourth quarter and the full fiscal year 2019. In a press release issued by the company dated 4 March, the company reports that it has registered consolidated sales amounting to EUR4.32 billion (approximately USD4.85 b...
    Continental’s sales up marginally to USD60.7 billion in 2019
    Continental has reported a marginal growth of 0.2% year on year (y/y) in its sales to EUR44.4 billion (USD60.7 billion) for the full year ended 31 December 2019, according to a company press release on 5 March. However, during the full year, Continental recorded a net loss of EUR1.2 billion as compa...
    COVID-19 impact: Grammer predicts significant decrease in revenues for first quarter
    Grammer has forecast a significant decline in its revenue and earnings in the first quarter ending 31 March 2020 due to the novel coronavirus disease (COVID-19) outbreak in China, the Germany-based automotive supplier said in a press release today (3 March). According to the company, the outbreak ha...
    03-Mar-2020 News COVID-19
    BASF's sales drop 1.5% y/y to USD66.4 billion in 2019
    BASF has reported a fall of 1.5% year on year (y/y) in its sales to EUR59.3 billion (USD66.4 billion) during the full year ended 31 December 2019, according to a company press release on 28 February. Income from operations (EBIT) before special items during 2019 was EUR4.5 billion, which is a fall o...
    Pirelli FY 2019 net income increases 1.5% y/y to USD4.9 billion
    Italian tire manufacturer Pirelli released its financial results for the fiscal year ended 31 December 2019, according to a company press release on 2 March 2020. Despite a weakening demand for vehicles across most of the world, the company registered a 1.5% year-on-year (y/y) increase in its net in...
    Rheinmetall FY 2019 sales rise by 1.7% y/y to USD6.97 billion
    German components manufacturer Rheinmetall AG has posted its financial results for the fiscal year 2019 period. The company reported a year-on-year (y/y) increase of 1.74% in its consolidated revenues to EUR6.26 billion (approximately USD6.97 billion) during fiscal year 2019. The Group’s automo...
    Leoni announces preliminary figures for FY 2019; sales down 5.9% y/y to USD5.29 billion
    Leoni has announced a 5.9% year-on-year (y/y) fall in fiscal year 2019 sales on a preliminary basis, a company press release on 24 February showed. For the year ended 31 December 2019, Leoni reported sales worth EUR4.8 billion (USD5.29 billion) compared to EUR5.1 billion in the previous correspondin...
    Superior Industries reports net loss of USD96.5 million in FY 2019
    Aluminum wheel supplier Superior Industries has reported a net loss of USD96.5 million for the fiscal year ended 31 December 2019, compared to a net income of USD26 million in the previous fiscal year, the company said in a press release on 28 February. Net sales for the year fell by 8.6% y/y to USD...
    ZKW reports sales of around USD1.39 billion in 2019
    Austrian lighting supplier has reported sales of EUR1.25 billion (approximately USD1.39 billion) for the fiscal year ended 31 December 2019, according to a company press release on 13 February. As of 31 December 2019, ZKW employs around 10,000 people at ten locations in eight countries. ZKW had r...
    Kongsberg Automotive FY2019 revenue climbs by 3.4% y/y to USD1.28 billion
    Norwegian auto components supplier Kongsberg Automotive has reported that its revenue for the FY2019 period has risen to EUR1.16 billion (approximately USD1.28 billion). This represents an increase of nearly 3.4% from the revenue of EUR1.12 billion garnered by the company, which is headquartered in ...
    Saint-Gobain's net income up more than threefold y/y to USD1.6 billion in 2019
    Saint-Gobain has reported a more than threefold year-on-year (y/y) growth in net income to EUR1.4 billion (USD1.6 billion) for the fiscal year ended 31 December 2019, the France-based automotive glazing supplier said in a press release on 27 February. Sales rose by 1.9% y/y to EUR42.5 billion and op...
    Garrett Motion FY 2019 sales down by 3.8% y/y to USD3.25 billion
    Automotive components supplier Garrett Motion has posted its financial results for the fiscal year (FY) 2019 period. In a press statement issued on 27 February, the Swiss firm reported that its FY 2019 sales stood at USD3.25 billion. This represents a decline of 3.8% from the net sales of USD3.38 bi...
    Stoneridge’s FY 2019 net income up 12% y/y to USD60.3 million
    Stoneridge’s net income grew 12% year over year (y/y) to USD60.3 million in the fiscal year ended 31 December 2019, the US-based automotive electrical and electronics supplier said in a press release on 26 February. Net sales for the year declined 3.6% y/y to USD834.3 billion, while operating inco...
    Borealis net income falls 3.7% y/y to USD976.5 million in 2019
    Borealis’s net profit declined 3.7% year on year (y/y) to EUR872 million (USD976.5 million) in the fiscal year ended 31 December 2019, the Austria-based company said in a press release on 27 February. The company reported net sales of EUR8.1 billion, down 2.8% y/y. The company’s net debt rose by...
    Gestamp FY2019 revenue climbs 6.3% y/y to USD9.96 billion
    Automotive structural components supplier Gestamp has released its financial results for the FY 2019 period. In a press release dated 27 February, the Spanish company has reported revenues of EUR9.07 billion (approximately USD9.96 billion). This represents a 6.3% growth rate from the revenue of EUR8...
    HELLA expects sales growth of 5–10% in medium term
    Germany-based lighting and electronics expert HELLA expects a medium-term target corridor for sales growth of 5% to 10% and a medium-term profitability target of at least 8%, the company said in a press release on 26 February. At the Capital Markets Day in Berlin, HELLA said the company will continu...
    Stanley Electric’s net profit down 22.7% y/y to USD210.6 million in April–December 2019
    Stanley Electric Company has posted a 22.7% year-on-year (y/y) decline in net income at JPY22.9 billion (USD210.6 million) for the first nine months ended 31 December 2019, according to a company press release. Net sales for the period fell by 8.1% y/y to JPY202.2 billion. Operating income also drop...
    LG Chem’s FY 2019 sales up 1.6% y/y to USD24.7 million
    LG Chem has reported a 1.6% year-on-year (y/y) growth in sales to KRW28.6 trillion (USD24.7 billion) for the fiscal year ended 31 December 2019, according to a company press release earlier this month. Despite higher sales, operating profit declined 60.1% y/y to KRW895.6 billion. The company said re...
    Cooper Tire & Rubber’s FY 2019 net income grows 26% y/y to USD96.4 million
    US-based Cooper Tire & Rubber Company has reported a 26% year-on-year (y/y) growth in net income to USD96.4 million for the fiscal year ended 31 December 2019, according to a company press release on 24 February. Net sales for the year were down 1.9% y/y to USD2.7 billion. Despite lower sales, o...
    Cooper Standard’s FY 2019 net income falls 34.8% y/y to USD67.5 million
    Michigan-based automotive components manufacturer Cooper Standard has reported a drop of 34.8% year on year (y/y) in its net income to USD67.5 million for the fiscal year ended 31 December 2019, according to a company press release on 24 February. Adjusted net loss for 2019 was USD3.3 million. Sales...
    Sogefi’s FY 2019 revenues down 3.3% y/y to USD1.7 billion
    Sogefi has reported 3.3% year-over-year (y/y) decline in revenues to EUR1.52 billion (USD1.6 billion) in the financial year ended 31 December 2019, the Italy-based automotive supplier said in a press release on 24 February. The company’s revenue at constant exchange rates dropped by 2.2% y/y....
    Valeo reports 43% y/y decline in FY2019 net income to USD350 million
    Valeo’s net income declined 43% year over year (y/y) to EUR313 million (USD350 million) in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales increased by 2% y/y to EUR19.5 billion. Original equipment (OE) sales increased by 1% y/y to EUR16.4 billi...
    Tenneco’s Q4 2019 revenue drops 4.65% y/y to USD4.1 billion
    Automotive components supplier Tenneco has released its financial results for the full year 2019 and the fourth quarter of 2019 period. In a press statement issued on 20 February, the American firm reported that its revenue for the fiscal year 2019 stood at USD17.45 billion. This represents a r...
    Magna FY2019 sales down 3.4% y/y to USD39.43 billion
    Canada-based automotive technology firm Magna has released its financial results for the fiscal year of 2019. In a press release dated 21 February, the company reported sales of USD39.43 billion for the fiscal year of 2019, which was a drop of 3.4% year over year. The company registered sales of USD...
    Constellium’s FY2019 net income down 66.3% y/y to USD71.6 million
    Constellium has reported a 66.3% year-on-year (y/y) fall in net income to EUR64 million (USD71.6 million) for the fiscal year ended 31 December 2019, according to a company press release on 20 February. The company posted revenue of EUR5.9 billion, up 4% y/y. Higher revenue helped the Netherlands-ba...
    Visteon’s FY2019 net income drops by more than half y/y to USD70 million
    Visteon has reported a 57% year-over-year (y/y) decline in net income to USD70 million in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales declined marginally, by 1.3% y/y, to USD2.98 billion, primarily due to lower vehicle production volumes and t...
    Lumax Industries’ Q3 net profit down 61.1% y/y to USD2.6 million
    Lumax Industries has reported a 61.1% year-on-year (y/y) decline in net profit to INR188.9 million (USD2.6 million) for the third quarter ended 31 December 2019, according to a company regulatory filing in early February. Profit before tax for the period was also down by 59.4% y/y to INR251.9 millio...
    Axalta's net income up 20.2% y/y to USD249 million in 2019
    Axalta Coating Systems’ net income increased 20.2% year on year (y/y) to USD249 million in the fiscal year ended 31 December 2019, the company said in a press release on 19 February. Net sales for the fiscal year were down by 4.5% y/y to USD4.5 billion, while income from operations grew by 10.4% y...
    Garmin’s FY2019 revenue rises 12% to USD3.76 billion
    Garmin has announced a 12% year-on-year (y/y) increase in FY2019 revenue at USD3.76 billion, a company press release on 19 February showed. Net income for the period rose to USD952.5 million from USD694.1 million. Operating margin improved to 25.2% compared to 23.3% in 2018. Revenue from its fitn...
    Gentherm reports 7.3% y/y drop in FY2019 revenue to USD971.1 million
    US-based thermal management firm, Gentherm, has posted its full year 2019 and fourth quarter 2019 financial results in a press statement issued on 19 February. The company has reported that its product revenue for the fiscal year of 2019 stood at USD971.7 million, which is a drop of 7.3% year on&nbs...
    ElringKlinger reports preliminary financial results for 2019
    ElringKlinger has announced its preliminary, unaudited results for the fiscal year ended 31 December 2019. According to a company press release on 19 February 2020, the company’s revenue grew 1.6% year on year (y/y) in 2019 to EUR1.7 billion (USD1.83 billion). EBITDA declined 7.9% y/y to EUR1...
    COVID-19 outbreak: Aptiv expects to loss USD150-200 million revenue in Q1
    Aptiv expects its financial performance in the first quarter 2020 to be adversely impacted due to extended production suspension at its customers’ plants in China due to the novel coronavirus (COVID-19) outbreak, the company said in a regulatory filing. The company estimates an incremental loss of...
    19-Feb-2020 News COVID-19
    Osram increases savings target from EUR220 million to EUR300 million by 2022
    German supplier Osram Licht has increased its savings target from EUR220 million to EUR300 million by 2022, according to a company press release on 18 February. Osram has increased savings target due to increased efficiency and the initiated measures. "But of course, we will not get Osram back on tr...
    Elmos Semiconductor’s FY2019 net profit more than doubles y/y to USD96 million
    Germany-based Elmos Semiconductor reported a 142.7% year-on-year (y/y) rise in FY2019 net profit at EUR85.7 million (USD96 million), a company press release showed on 17 February. Sales during the same period were up 6.2% to EUR294.8 million. Gross margin came in at 46.4% compared to 45.2% last year...
    Bridgestone’s FY2019 net sales down 3.4% y/y to USD32.15 billion
    Japanese auto components and tire manufacturer Bridgestone Corporation has announced its financial results for the fiscal year 2019, in a press release issued on 17 February. The company has reported net sales of JPY3.526 trillion (approximately USD32.15 billion) in the FY2019 period, which is a 3.4...
    Faurecia 2019 net income drops 15.8% y/y to USD660 million
    Faurecia’s net income declined 15.8% year over year (y/y) to EUR590 million (USD660 million) in the financial year ended 31 March 2019, the company said in a press release on 16 February. Sales increased marginally, by 1.4% y/y to EUR17.7 billion. However, sales decreased by 3% at constant currenc...
    Trelleborg posts FY2019 sales of USD3.78 billion, up 8% y/y from FY2018
    Swedish components supplier Trelleborg has announced its full year financial results for FY2019. According to a press release put out by the company 12 February, Trelleborg’s net sales for the fiscal year 2019 stood at SEK36.59 billion (approximately USD3.78 billion), which represents an 8% y...
    Toshiba’s Q3 net loss narrows y/y to USD4.4 million
    Japanese electronics giant Toshiba Corp has announced a loss of JPY480 million (USD4.4 million) for the third quarter ended 31 December 2019. The loss narrowed significantly from JPY60.51 billion last year. Net sales for the period dropped 14% year on year (y/y) to JPY747.18 billion. The company ...
    Hankook’s FY2019 sales up 1.5% y/y to USD5.83 billion
    Tire manufacturer Hankook has posted its sales for the financial year of 2019. In a press statement issued on 13 February, the company reported that it has made a consolidated global sales figure of KRW6.9 trillion (approximately USD5.83 billion). This represents an increase of 1.5% from the sales f...
    Yokohama Rubber’s FY 2019 net profit grows 17.8% y/y to USD384.8 million
    The Yokohama Rubber Co., Ltd. has announced its financial results for the fiscal year ended 31 December 2019 in a press release on 14 February. The Japanese tire-maker reported a 17.8% year-over-year (y/y) rise in net profit to JPY41.9 billion (approximately USD384.8 million) in 2019. Yokohama also ...
    Ichikoh’s FY2019 net income down 46.5% y/y to USD47.8 million
    Ichikoh Industries, a Valeo company, has reported a 46.5% year-on-year (y/y) decline in net profit to JPY5.2 billion (USD47.8 million) for the fiscal year ended 31 December, according to a company press release on 13 February. Net sales for the year amounted to JPY133 billion, down 5.4% y/y. Lower s...
    Akebono reports net income of USD192 million during April-December 2019
    Japan-based supplier of brake systems, Akebono Brake Industry has reported a net profit of JPY20.9 billion (USD192 million) for the April to December 2019 period, compared to a net loss of JPY17.7 billion in the same period a year ago, according to a company press release on 13 February. Net sales f...
    American Axle & Manufacturing’s (AAM) FY2019 sales down 10.18% y/y to USD6.53 billion
    Components maker American Axle & Manufacturing Holdings Inc. released its full year financial results for the 2019 fiscal year in a press statement issued on February 14th. The company’s sales for FY2019 stood at USD6.53 billion, which represents a reduction of 10.18% year on year from sa...
    Dana’s FY2019 sales rise 6% y/y to USD8.6 billion
    In a press release issued on 13 February, American auto supplier Dana reported that its sales for the full year of 2019 stood at USD8.6 billion. This marks a rise by 6% from the sales of USD8.1 billion that the company registered during the same time frame of 2018. Although there was a sales back...
    Delphi’s FY2019 revenue down 10% y/y to USD4.4 billion
    Delphi Technologies announced its results for the full year 2019 and the fourth quarter of 2019 in a press release dated 13 February. The company reported a revenue of just over USD4.36 billion for the 2019 financial year, which represents a decrease of 10% from the same time of 2018. The de...
    BorgWarner’s FY2019 net sales down 3.4% y/y to USD10.17 billion
    American automotive components supplier BorgWarner has announced its full year 2019 and fourth quarter results in a press statement issued on 13 February. The company posted a net sales figure of USD10.17 billion for the full year 2019, which represents a fall of 3.4% when compared to the same time ...
    NVIDIA's FY2019/20 net income declines 14% y/y to USD3.6 billion on lower sales
    NVIDIA’s net income declined 14% year over year (y/y) to USD3.6 billion in the financial year ended 26 January 2020, the company said in a press release on 13 February. The company also recorded 15% y/y drop in operating income to USD3.7 billion. NVIDIA reported lower earnings as revenue fell by 7...
    Sensata Technologies FY2019 net income down 52.8% y/y to USD282.7 million
    Sensata Technologies reported a 52.8% year-on-year (y/y) drop in FY2019 net income at USD282.7 million, a company press release on 11 February showed. Full year revenue slid 2% to USD3.45 billion from USD3.52 billion. The company expects FY2020 revenue to be in the range of USD3.40 billion to USD...
    Renesas Electronics posts loss of USD54.1 million for FY2019
    Renesas Electronics has reported a FY2019 loss of JPY5.91 billion (USD54.1 million) for the year ended 31 December 2019, a financial disclosure on 12 February showed. Last year the company reported a profit of JPY51 billion. Revenue for the year slid 5.1% to JPY718.2 billion. Operating margin was at...
    Cerence reports Q1 net loss of USD11.8 million
    Cerence has reported a net loss of USD11.8 million in the first quarter ended 31 December 2019 compared to its net income of USD2.25 million a year earlier, the company said in a press release on 11 February. The company recorded net loss despite reporting a 6.8% year-over-year (y/y) increase in tot...
    Michelin’s FY 2019 net income up 4.2% y/y to USD1.9 billion
    French tire manufacturer Michelin has reported a 4.2% year-on-year (y/y) growth in net income to EUR1.7 billion (USD1.9 billion) for the fiscal year ended 31 December 2019, the company announced in a press release on 10 February. Operating income also grew 5.5% y/y to EUR1.6 billion. The company’s...
    Goodyear reports net loss of USD311 million for FY 2019
    Goodyear has reported a net loss of USD311 million for the fiscal year ended 31 December 2019, according to a company press release on 11 February. Net sales for the period declined 4.7% year on year (y/y) to USD14.7 billion. The tiremaker’s income before income taxes declined from USD1 ...
    Motherson Sumi System’s Q3 net profit down 30.4% y/y to USD37.8 million
    Motherson Sumi Systems Limited (MSSL) has reported a 30.4% year-on-year (y/y) decline in consolidated net profit (attributable to owners) to INR2.7 billion (USD37.8 million) for the third quarter ended 31 December 2019, according to a regulatory filing. Revenue from operations in the quarter under r...
    ams’ FY 2019 net income up more than threefold y/y to USD331.7 million
    Austrian sensor specialist ams has reported a more than threefold year-on-year (y/y) growth in its net income to USD331.7 million for the year ended 31 December 2019, the company said in a press release on 11 February.  Revenue for the fiscal year also grew 32.7% y/y to USD2.08 billion and...
    Umicore's revenue increases 3.4% y/y to USD3.8 billion in 2019
    Umicore reported a growth of 3.4% year on year (y/y) in its revenues to EUR3.36 billion (USD3.8 billion) for the full year ended 31 December 2019, according to a company press release on 7 February. Recurring net profit, however fell by 4.2% y/y to EUR312 million during the 12-month period. Recurrin...
    voestalpine’s revenue falls 3.8% y/y to USD10.7 billion in April-December period
    Austrian manufacturer of automotive body-in-white components, voestalpine, has announced a decline of 3.8% year on year (y/y) in revenue during the first nine months ended 31 December 2019, according to a company press release on 6 February. The company’s sales figure for the none-month period sto...
    OSRAM reports USD7.8 million net profit in first quarter
    OSRAM has reported a net profit of EUR7 million (USD7.8 million) for the first quarter ended 31 December 2019, compared with a net loss of EUR81 million in the same period a year ago, according to a press release on 6 February. Revenue for the quarter grew 5.4% year on year (y/y) to EUR873 mill...
    AGC’s FY2019 net income drops by half y/y to USD407.4 million
    AGC’s net income declined 50.4% year-on-year (y/y) to JPY44.4 billion (USD403.9 million) in the fiscal year ended on 31 December 2019, the company said on 5 February. Net sales dropped slightly by 0.3% y/y to JPY1.51 trillion. Operating profit for the year declined 15.7% y/y to JPY101.6 billi...
    Infineon Technologies’ Q1 net income falls 17.3% y/y to USD235.2 million
    Infineon Technologies has reported a 17.3% year-on-year (y/y) decline in first quarter net income at EUR210 million (USD235.2 million), a company press filing showed. Revenue for the period ended 31 December 2019 fell to EUR1.92 billion from EUR1.97 billion. Gross margin was at 37% compared to 39.5%...
    TomTom’s FY2019 revenue rises 2% y/y to USD784.8 million
    TomTom has announced a 2% year-on-year (y/y) increase in FY2019 revenue to EUR700.6 million (USD784.8 million), a company financial filing on 5 February showed. Net result from continuing operations for the period ended 31 December 2019 was a loss of EUR193 million, dragged down by higher operating ...
    Veoneer’s FY2019 net loss widens y/y to USD500 million
    Veoneer’s net loss increased sharply to USD500 million in the financial year ended 31 December 2019 compared to USD276 million a year earlier, the company said in a press release on 5 February. Net sales dropped 15% year-over-year (y/y) to USD1.9 billion. The company recorded 12% drop in organic s...
    Modine's Q3 net sales fall 12% y/y to USD473.4 million
    Modine has reported a fall of 12% year on year (y/y) in its net sales to USD473.4 million during the third quarter ended 31 December 2019, according to a company press release on 4 February. Net income for the quarter dropped 93.3% y/y to USD1.2 million. Operating income fell 75.5% y/y to USD8.2 mil...
    NXP Semiconductors FY2019 revenue falls 5.6% y/y to USD8.88 billion
    NXP Semiconductors has reported a 5.6% year-on-year (y/y) drop in full year 2019 revenue at USD8.88 billion, the company said in a financial statement on 3 February. Net income for the period slumped 88% to USD272 million. Last year the company benefited around USD2 billion in what was classified as...
    SiriusXM’s FY2019 net income down 22.3% y/y to USD914 million
    SiriusXM reported a 22.3% year-on-year (y/y) drop in full year 2019 net income at USD914 million. Total revenue for the period surged 35% to USD7.79 billion, helped by an increase in advertisement revenue USD1.34 billion from USD188 million last year. Total revenue for the fourth quarter ended 31...
    CTS Corporation posts 22.3% y/y drop in FY2019 net earnings
    CTS Corporation has reported a 22.3% year-on-year (y/y) drop in net earnings to USD36.1 million for the full year ended 31 December. Net sales for the period dropped marginally to USD469 million from USD470.5 million. Net earnings for the fourth quarter slipped 42.7% to USD10.1 million while...
    Nokian Tyres’ FY2020 net income grows 35.5% y/y to USD447.8 million
    Finnish tire-maker Nokian Tires has reported a 35.5% year-on-year (y/y) growth in net income to EUR399.9 million (USD447.8 million) for the fiscal year quarter ended 31 December 2019, according to a company press release on 4 February. Net sales for the period were flat y/y at EUR1.59 billion. The c...
    Grammer’s FY2019 revenue up 9% y/y to USD2.2 billion
    Grammer’s full-year revenue crossed EUR2 billion (USD2.23 billion) for the first time in 2019, the Germany-based automotive interior systems supplier said in a press release on 4 February. This represented a year-over-year (y/y) growth of around 9% over 2018. The company reported operating EBIT of...
    Panasonic's April-December 2019 net sales fall 5.3% y/y to USD52.7 billion
    Panasonic has reported a decline of 5.3% year on year (y/y) in net sales to JPY5.7 trillion (USD52.7 billion) for the April to December period, according to a company press release on 3 February. Panasonic witnessed a net profit of JPY178.1 billion, which is a growth of 3.1% y/y. Operating profit fo...
    Central Glass net sales fall 2.7% y/y to USD1.5 billion in April-December period
    Central Glass has reported a fall of 2.5% year on year (y/y) in net sales to JPY166.3 billion (USD1.5 billion) during April-December period, according to a company press release on 3 February. Net profit for the period was also down by 36.4% y/y, to JPY4.3 billion. The company’s operating profit f...
    Denso’s nine-month net profit drops 29% y/y to USD1.25 billion
    Denso has reported a 29% y/y slump in net profit for the nine months ended 31 December 2019, the company’s financial statement showed. Net profit came in at JPY136.12 billion (USD1.25 billion) compared to JPY192.01 billion last year. Revenue for the period fell 2.1% to JPY3.90 trillion. Total r...
    Illinois Tool Works (ITW)’s 2019 net income decreases 1.6% y/y to USD2.52 billion
    Illinois Tool Works (ITW) has reported a 1.6% year-over-year (y/y) decline in net income to USD2.52 billion for the fiscal year ended 31 December 2019, the US-based supplier said in a press release on 31 January. Revenue dropped 4.5% y/y to USD14.1 billion. Lower revenue impacted ITW’s operating i...
    Aisin Seiki’s April-December net profit drops 43.9% y/y to USD427.9 million
    Aisin Seiki’s net income declined 43.9% year on year (y/y) to JPY46.7 billion (USD427.9 million) in April to December period ended 31 December 2019, the company said on 31 January. Revenue dropped 4.7% y/y to JPY2.8 trillion, mainly due to a decline in automatic transmission sales in China. The co...
    Gentex reports 2.9% y/y decline in 2019 net income to USD424.6 million
    Gentex has reported a 2.9% year-on-year (y/y) decline in net income to USD424.6 million for the fiscal year ended 31 December, the US-based automotive supplier said on 31 January. The company recorded higher net sales despite a 6% y/y drop in global light vehicle production during the year under rev...
    Adient’s Q1 net loss widens y/y to USD167 million on lower sales
    Adient’s net loss widened to USD167 million in the first quarter ended 31 December 2019 compared to USD17 million net loss in the same period a year earlier, the US-based automotive seating and interior systems supplier said in a press release on 31 January. Sales declined 5.3% y/y to USD3.9 billi...
    Samsung Electronics FY2019 profit falls 52.8% to USD23.98 billion
    Samsung Electronics posted a 52.8% year-on-year (y/y) fall in FY2019 operating profit at KRW27.77 trillion (USD23.98 billion), the company said in a filing on 30 January. Total sales came in at KRW230.40 trillion, compared with KRW243.77 trillion last year. For the fourth quarter ended 31 De...
    Fujitsu posts Q3 profit of USD332.3 million
    Fujitsu reported a third quarter net profit of JPY36.25 billion (USD332.9 million) compared to a loss of JPY29.67 billion last year, the company said in a financial filing on 30 January. Revenue for the period ended 31 December dropped to JPY923.27 billion from JPY977.32 billion. Operating prof...
    Aptiv’s 2019 net income drops 7.2% y/y to USD990 million
    Aptiv has reported a 7.2% year-on-year (y/y) decline in net income to USD990 million in the financial year ended 31 December 2019, the company said in a press release on 30 January. Net sales declined marginally by 1% y/y to USD14.4 billion. The company also recorded a 13.4% y/y decline in operating...
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