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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    HELLA reports almost flat sales of USD5.7 billion for first nine months of FY 2020/21
    German electronics and lighting expert HELLA’ portfolio-adjusted sales fell only slightly by 0.3% year-on-year (y/y) to EUR4.7 billion (USD5.7 billion) in the first nine months of fiscal year (FY) 2020/21 (1 June 2020 to 28 February 2021). According to a company press release on 14 April, adj...
    TomTom’s Q1 FY21 revenue unchanged at USD154 million
    TomTom has reported an unchanged revenue of EUR131 million (USD154 million) for the first quarter of fiscal 2021, a company filing on 14 April read. Net loss narrowed from EUR62.8 million to EUR11.5 million. EBITDA margin for the quarter came in at 6% compared with -4% last year. “We had a...
    GRAMMER's FY 2020 revenue down 16% y/y to USD2.1 billion
    GRAMMER has reported a 16% year-on-year (y/y) decline in revenues to EUR1.7 billion (about USD2.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 31 March 2021. Both of its divisions were affected by declining revenue but outperformed the market as a whol...
    Henkel expects Q1 2021 organic sales growth of around 7%
    Henkel has reported a growth of 7% in its net sales compared with current expectations of 3.5%, according to a company press release on 31 March. The company reports that the Adhesive Technologies business unit is expected to achieve an organic sales growth of around 12.5%. Henkel expects ...
    Freudenberg reports 6.6 % y/y decline in sales to USD10.9 billion for FY 2020
    Freudenberg Group has reported a sales of EUR8.84 billion (USD10.86 billion) in the full year ended 31 December 2020, compared to EUR9.46 billion in the previous year, according to a company press release on 30 March. Operating income of the Freudenberg Group, however, fell 22.4% year on year (y/y) ...
    Central Glass revises FY 2020/21 financial outlook
    Central Glass has revised its full-year forecasts after announcing that it would record extraordinary income and loss for the current financial year ending 31 March 2021, the company said in a press release on 29 March. As per the revised forecasts, the Japanese supplier expects full-year net sales ...
    Leoni posts 14.7% y/y fall in FY 2020 sales to USD5.08 billion
    Leoni has announced a 14.7% year-on-year (y/y) drop in full year 2020 sales to EUR4.13 billion (USD5.08 billion), according to a company press release on 17 March. Consolidated net loss narrowed to EUR330 million from EUR435 million a year earlier. Leoni said its business in 2020 was significantl...
    ZF FY 2020 sales declines by 10.7% y/y to USD40 billion
    ZF has reported 10.7% year-over-year (y/y) decline in sales to EUR32.6 billion (USD40 billion) in the financial year ended 31 December 2020, the Germany-based automotive supplier said in a press release on 19 March. The company generated 46% of its 2020 sales from Europe. North America and Asia-Paci...
    Nexteer’s FY 2020 revenues slide by 15% y/y to USD3 billion
    Nexteer Automotive has reported a loss in revenues of 15% y/y to USD3.03 billion for FY 2020  ended 31 December 2020, according to a press release on 17 March today. The company’s net income also declined by roughly 50% y/y to USD117 million, mainly due to decline in revenues on the back of i...
    Elmos posts 14.9% y/y fall in FY 2020 sales to USD285.7 million
    Elmos Semiconductor has reported a 14.9% year-on-year (y/y) drop in fiscal 2020 sales at EUR232.6 million (USD285.7 million), a company press release on 17 March showed. Consolidated net income fell to EUR6.4 million from EUR18.5 million while operating profit slumped 79.3% from last year to EUR8.5 ...
    u-blox reports 13.4% y/y fall in FY 2020 revenue to USD359.8 million
    u-blox has reported a 13.4% year-on-year (y/y) drop in full year 2020 revenue at CHF333.5 million (USD359.8 million), according to a company press release on 12 March. Net profit (adjusted) came in at CHF3.2 million compared to CHF32.2 million a year earlier. EBIT (adjusted) amounted to CHF18 millio...
    Continental’s FY 2020 sales declines 15.3% y/y to USD46.3 billion
    Continental has reported a 15.3% year-on-year (y/y) decline in sales to EUR37.7 billion (USD46.3 billion) for the fiscal year ended 31 December 2020, the German car parts supplier said in a press release on 9 March 2021. The company posted minus EBIT of EUR718.1 million, compared with minus EBIT of ...
    Autoneum’s FY 2020 revenue down 24.2% y/y to USD1.9 billion
    Autoneum’s revenue fell by 24.2% year on year (y/y) to CHF1.7 billion (USD1.9 billion) for the full year ended 31 December 2020, according to a company press release on 3 March 2021. The EBITDA for the year also declined 9.5% y/y to CHF148.5 million. The company reported an EBIT of CHF27.8 million...
    Superior Industries FY 2020 sales declines 19.7% y/y to USD1.1 billion
    US-based light vehicle aluminum wheel supplier Superior Industries (Superior) has posted its financial results for the full fiscal year (FY) 2020. According to a press release issued by Superior on 5 March, the company posted a net sales figure of USD1.1 billion, which implies a reduction of 19.75% ...
    Brembo FY 2020 revenue slides 14.8% y/y to USD2.63 billion
    Italy-based automotive components supplier Brembo has posted its financial results for the full fiscal year (FY) 2020. According to a press release issued by Brembo on 4 March, the company posted a total sales figure of USD1.85 billion, which implies a reduction of 14.78% year over year (y/y) from t...
    Martinrea FY 2020 sales dips 12.6% y/y to USD3.38 billion
    Canada-based automotive components supplier Martinrea has posted its financial results for the full fiscal year 2020. According to a press release issued by Martinrea on 4 March, the company posted a total sales figure of USD3.38 billion, which implies a reduction of 12.64 % year-over-year (y/y) fro...
    Bekaert FY 2020 sales slide 12.7% y/y to USD4.55 billion
    Belgium-based automotive components supplier, Bekaert, has published its financial results for the 2020 fiscal year. According to a press release issued by Bekaert on 3 March, the company posted consolidated sales of EUR3.77 billion (approximately USD4.55 billion) during the FY 2020 period. This imp...
    Georg Fischer’s FY 2020 sales declines 14.4% y/y to USD3.6 billion
    Georg Fischer (GF) has reported 14.4% year-over-year (y/y) declined in sales to CHF3.18 billion (USD3.6 billion) in the financial year ended 31 December 2020, the company said in a press release on 1 March. Sales declined organically by 8.4%. The company witnessed 20% drop in EBITDA to CHF299 millio...
    Hyundai Mobis FY 2020 sales declines 3.7% y/y to USD32.23 billion
    Hyundai Mobis has reported 3.7% year-over-year (y/y) decline in sales to KRW36.63 trillion (USD32.23 billion) in the financial year ended 31 December 2020, the company said in a regulatory filing. Operating profit fell by 22.4% y/y to KRW1.83 trillion. Hyundai Mobis also witnessed 33% y/y drop in pr...
    Gentherm FY 2020 revenue slips 6% y/y to USD913.1 million
    US-based thermal management technology provider, Gentherm, has published its financial results for the 2020 fiscal year. According to a press release issued by Gentherm on 1 March, the company generated a revenue of USD913.1 million during FY 2020, which implies a reduction of 6% year over year (y/y...
    Corning’s sales fall 2% y/y to USD11.3 billion in 2020
    Corning has reported a 2% year-over-year (y/y) fall in net sales to USD11.3 billion for the financial year ended 31 December 2020, the company said in a press release on 27 January 2021. The company witnessed a 47% y/y drop in net income to USD512 million. The company’s Display Technologies seg...
    Sogefi FY 2020 revenue slides 17.8% y/y to USD1.45 billion; appoints Frederic Sipahi as new CEO
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the fiscal year of 2020. According to a press release issued by Sogefi on 26 February, the company generated revenues of EUR1.2 billion (approximately USD1.45 billion) during FY 2020, which implies a dro...
    AGC’s net sales fall 7% y/y to USD13.6 billion in 2020
    AGC has reported a fall of 7% year on year (y/y) in its net sales to JPY1.4 trillion (USD13.6 billion) during the fiscal year ended 31 December 2020, according to a press release earlier this month. Operating profit during the period fell 25.4% y/y to JPY75.7 billion. Net income for the year also de...
    Saint-Gobain sales fall 10.4% y/y to USD46.3 billion in 2020
    Saint-Gobain has reported a fall of 10.4% year on year (y/y) in its sales to EUR38.1 billion (USD46.3 billion), according to a company press release on 25 February. Operating income fell 15.8% y/y to EUR2.8 billion during the year. Net income also fell 23.2 y/y to EUR1.4 billion. The company, howeve...
    Velodyne FY 2020 revenue declines 5.9% y/y to USD101.4 million
    Velodyne has reported 5.9% year-over-year (y/y) decline in revenue to USD101.4 million in the financial year ended 31 December 2020, the company said in a press release on 25 February. Product revenue declined 16% y/y to USD68.4 million while revenue from license and services increased 35.2% y/y to ...
    Constellium FY 2020 revenue drops 17.3% y/y to USD5.94 billion
    French aluminum products supplier, Constellium, has published its financial results for the 2020 fiscal year. According to a press release issued by Constellium on 25 February, the company posted a revenue of EUR4.88 billion (approximately USD5.94 billion) during FY 2020. This represents a decline o...
    Tenneco FY 2020 revenue declines 11.9% y/y to USD15.38 billion
    Tenneco has reported 11.9% year-over-year (y/y) decline in revenue to USD15.38 billion in the financial year ended 31 December 2020, the company said in a press release on 24 February. Full year revenue declined in all product lines except in Clean Air- Substrate sales which recorded 10.8% y/y growt...
    Gestamp’s FY 2020 revenue slides 17.75% y/y to USD9.07 billion
    Spain-based metal components supplier, Gestamp, has published its financial results for the 2020 fiscal year. According to a press release issued by Gestamp on 24 February, the company posted a revenue of EUR7.46 billion (approximately USD9.07 billion) during the FY 2020 period. This implies a reduc...
    Arconic's net sales fall 22% y/y to USD5.7 billion in 2020
    Arconic Corporation has reported a fall of 22% year on year (y/y) in the net sales to USD5.7 billion during the full year ended 31 December 2020, according to a company press release on 23 February. Arconic witnessed a net loss of USD109 million during the year, as compared to a net income of USD177...
    Covestro’s FY2020 sales declines 13.7% y/y to USD13.1 billion
    Covestro has reported a 13.7% year-on-year (y/y) decline in sales to EUR10.7 billion (USD13.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 23 February. EBITDA for the year declined by 8.2% y/y to EUR1.5 billion. Net income reached EUR459 million, down ...
    Faurecia’s FY 2020 sales decline 17.5% y/y to USD18 billion
    Faurecia’s sales declined 17.5% year-over-year (y/y) to EUR14.65 billion (USD17.99 billion) in the financial year ended 31 December 2020, the company said in a press release on 22 February. Sales, at constant scope and currencies, dropped 19.6% y/y. Operating income by fell 68.4% y/y to EUR406 mil...
    Cooper Tire FY 2020 net sales fall 8.4% y/y to USD2.52 billion
    American tire manufacturer Cooper Tire & Rubber Company has reported an 8.4% year-on-year (y/y) decline in net sales to USD2.52 billion for the fiscal year ended 31 December 2020, according to a company press release on 22 February. Operating profit for the year grew 32.3% y/y to USD231 million....
    Magna’s FY 2020 sales declines 17.2% y/y to USD32.65 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the 2020 fiscal year. According to a press release issued by Magna on 19 February, the company reported sales of USD32.65 billion during FY 2020, which represents a reduction of 17.2...
    Cooper Standard’s FY 2020 sales drop 23.6% y/y to USD2.38 billion
    Cooper Standard’s net sales declined 23.6% year on year (y/y) to USD2.38 billion in the fiscal year ended 31 December 2020, the US-based automotive supplier said in a press release on 17 February. The company reported a net loss of USD267.6 million, compared with a net income of USD67.5 million in...
    Dana’s FY2020 sales fall 17.6% y/y to USD7.11 billion
    US-based automotive components supplier Dana has published its financial results for the 2020 fiscal year (FY). According to a press release issued by Dana on 18 February, the company posted net sales of USD7.11 billion, which implies a reduction of 17.6% year on year (y/y) from the U...
    Yokohama Rubber’s FY2020 revenue slides 12.3% y/y to USD5.4 billion
    Japanese tire manufacturer Yokohama Rubber Co. Ltd. has published its financial results for the 2020 fiscal year (FY). According to a press release published today by the company, Yokohama Rubber generated a revenue of JPY570.57 billion (approximately USD5.4 billion) during FY2020. This im...
    Valeo’s FY 2020 sales down 16% y/y to USD20.2 billion
    Valeo has reported financial results for the fiscal year ended 31 December 2020. According to a company press release dated 18 February 2021, Valeo’s sales declined 16% year-on-year (y/y) to EUR16.4 billion (about USD20.2 billion). The company’s OE sales and aftermarket sales declined 16% and 12...
    Visteon reports 13.5% y/y decline in FY 2020 net sales to USD2.54 billion
    Visteon has reported 13.5% year-over-year (y/y) decline in net sales to USD2.45 billion in the financial year ended 31 December 2020, the company said in a press release 18 February. Lower net sales resulted in loss before income taxes of USD20 million compared to income before income taxes of USD10...
    Garmin’s FY 2020 revenue rises 11.4% y/y to USD4.19 billion
    Garmin has posted a 11.4% year-on-year (y/y) growth in revenue for full year 2020 at USD4.19 billion, the company said in a press release on 17 February. Net income for the period fell to USD992.3 million from USD952.5 million a year earlier. Gross margin declined slightly to 59.3% compared to 59.5%...
    Toyo Tires FY 2020 net sales decline 8.9% y/y USD3.33 billion
    Japanese tire manufacturer, Toyo Tire Corporation, has published its financial results for the 2020 fiscal year period. According to a press release issued by Toyo Tire on 15 February, the company posted net sales of JPY343.76 billion (approximately USD3.33 billion) during FY 2020, which implies a r...
    Bridgestone’s FY 2020 revenue falls 14.6% y/y to USD28.25 billion
    Japanese tire manufacturer Bridgestone has released its financial performance results for the fiscal year ended 31 December 2020. According to a press release issued by Bridgestone on 16 February, the company has posted a 14.6% year-on-year (y/y) decline in revenue to JPY2.99 trillion (approximately...
    Michelin’s FY 2020 sales decline 15.2% y/y to USD24.75 billion
    France-based tire manufacturer, Michelin, has published its financial results for the full fiscal year 2020. According to a press release issued by Michelin on 15 February, the company has posted sales of EUR20.47 billion (approximately USD24.75 billion) for the FY 2020 period. This represents a dro...
    Hankook Tire’s FY 2020 sales slide 6.2% y/y to USD5.86 billion
    South Korean tire manufacturer, Hankook Tire, has published its financial results for the fiscal year of 2020. According to a press release issued by Hankook Tire on 5 February, the company has posted a global sales figure of KRW6.45 trillion (approximately USD5.86 billion) during FY 2020, which imp...
    Lumax’s Q3 revenue up 16.4% y/y to USD60.9 million
    Lumax Industries has reported a 16.4% year-on-year (y/y) growth in revenue to INR4.4 billion (USD60.9 million) for the third quarter ended 31 December 2020, according to a regulatory filing by the company on 11 February. Profit before tax amounted to INR352.6 million, up 40% y/y. net profit for the ...
    Toshiba’s Q3 FY 2020/21 net sales down 2.5% y/y to USD7.05 billion
    Toshiba reported a 2.5% year-on-year (y/y) fall in third quarter revenue at JPY728.15 billion (USD7.05 billion), a company press release on 12 February read. Net profit came in at JPY40.12 billion compared to a loss of JPY480 million a year earlier. Net sales from energy systems and solutions fel...
    ZKW generates revenue of USD1.25 billion in FY 2020
    ZKW has reported revenue of EUR1.03 billion (USD1.25 billion) in 2020 compared with sales of EUR1.25 billion in 2019, according to a company press release on 11 February. In 2020, the company employed around 10,000 workers. “We were able to maintain production at our locations through a major o...
    Bridgestone revises FY 2020 forecasts; expects higher revenue, adjusted operating profit
    Japanese tire manufacturer Bridgestone has revised its consolidated financial forecasts for fiscal year ending 31 December 2020, according to a company press release on 9 February. The company said it now expects revenues of JPY2.99 trillion (USD27.4 billion), compared with the previous forecast (an...
    Ichikoh’s FY 2020 sales declines 14.4% y/y to USD1.1 billion
    Ichikoh Industries, a Valeo company, has reported a 14.4% year-on-year (y/y) decline in net sales to JPY113.8 billion (USD1.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 12 February. Net income for the year was JPY2.8 billion, a decline of 45.2% y/y. ...
    AAM’s FY 2020 net sales decline 27.9% y/y to USD4.71 billion
    American Axle & Manufacturing Holdings, Inc. (AAM) has published its financial results for the fourth quarter and full fiscal year 2020. According to a press release issued by AAM on 12 February, the company announced that it has posted sales of USD4.71 billion during FY 2020, which represents a...
    Cerence reports 22.6% y/y rise in Q1 2021 revenue to USD95 million
    Cerence reported 22.6% year-on-year (y/y) growth in first-quarter revenue for fiscal year 2021 at USD95 million, according to a press filing on 8 February. Net income came in at USD21.6 million from a loss of USD11.8 million in the previous corresponding period. Gross margin was 75.3% compared ...
    thyssenkrupp’s Q1 2020/21 sales fall 3.9% y/y to USD8.9 billion
    Germany-based components supplier thyssenkrupp AG has reported a decline of 3.9% year-on-year (y/y) in sales to EUR7.3 billion (USD8.9 billion) for the first quarter ended 31 December 2020, according to a company press release on 10 February. Order intake for the quarter grew 6% y/y. EBIT for the qu...
    HELLA expects 5–10% growth in sales, adjusted EBIT of at least 8% in medium term
    Global automotive lighting and electronics supplier HELLA has confirmed during its virtual Capital Markets Day on 10 February its medium-term targets despite the increasingly challenging market environment, according to a company press release. The German supplier expects to achieve an annual sales ...
    Sumitomo Rubber’s FY 2020 revenue falls 11.5% y/y to USD7.65 billion
    Sumitomo Rubber Industries (SRI) has reported a 11.5% year-over-year (y/y) decline in revenue to JPY790.8 billion (USD7.65 billion) in the financial year (FY) ended 31 December 2020, the company said in a press release on 9 February. Despite the decline in revenue, the Japanese tiremaker recorded 17...
    BorgWarner FY 2020 net sales remains flat year on year at USD10.17 billion
    American automotive powertrain components and systems supplier, BorgWarner, has published its financial results for the full fiscal year 2020. According to a press release issued by BorgWarner on 11 February, the company posted net sales of USD10.17 billion, only USD3 million lower than the net sale...
    Stanley Electric posts 14.4% y/y fall in April–December 2020 net sales to USD2.51 billion
    Stanley Electric has reported a 14.4% year-on-year (y/y) fall in net sales to JPY258.82 billion (USD2.51 billion) for the nine months ended 31 December 2020, a company press release read on 29 January. Net profit for the period was JPY13.86 billion compared to a profit of JPY22.97 billion last year....
    Renesas FY 2020 revenue falls marginally y/y to USD6.93 billion
    Renesas Electronics has reported a 0.4% year-on-year (y/y) fall in full year 2020 revenue to JPY715.67 billion (USD6.93 billion), according to a company press filing on 10 February. Profit for the year came in at JPY45.63 billion compared to a loss of JPY6.32 billion. Renesas added the improved resu...
    Tachi-S reports 35.1% y/y decline in April–December 2020 net sales to USD1.34 billion
    Tachi-S’s net sales declined 35.1% year-over-year (y/y) to JPY138 billion (USD1.34 billion) in the first nine months of financial year (FY) 2020/21, ended 31 December 2020, the company said in a press release on 10 February. The sharp decline in net sales impacted Tachi-S’s earnings as the compa...
    Akebono Brake April–December 2020 net sales decline 34.6% y/y to USD931.41 million
    Japan-based supplier of automotive braking systems, Akebono Brake, has published its financial results for the April–December 2020 period. According to a report issued by Akebono on 10 February, the company posted net sales of JPY97.44 billion (approximately USD931.41 million) during this aforemen...
    Varroc’s Q3 revenue grows 24.5% y/y to USD476.6 million
    Varroc Engineering has reported a growth of about 27% year on year (y/y) in revenue from operations to INR34.9 billion (USD476.6 million) for the third quarter ended 31 December 2020, according to a regulatory filing on 9 February. Net loss for the quarter stood at INR1.3 billion compared with net p...
    TomTom reports 24.6% y/y fall in FY 2020 revenue to USD648.8 million
    TomTom reported a 24.6% year-on-year (y/y) drop in full year 2020 revenue at EUR528.2 million (USD648.8 million), a press filing by the mapmaker on 4 February showed. Net loss for the year was EUR257.6 million compared to a profit of EUR632.9 million a year earlier. Gross margin stood at 80%, compar...
    ams posts 82.5% y/y surge in FY 2020 revenue to USD4.17 billion
    ams has reported an 82.5% year-on-year gain in revenue for fiscal 2020 at USD4.17 billion, according to a company press filing on 9 February. The results included that of OSRAM’s, which the Austrian sensor specialist acquired in July 2020. Net result came in at USD282 million (excluding acquisitio...
    Apollo Tyres' Q3 2020 sales rise 14% y/y to USD681.32 million
    Apollo Tyres’s sales grew 14% year-on-year (y/y) to INR49.6 billion in the third quarter ended 31 December 2020, the company announced in a press release on 3 February. Operating profit was up 91% y/y to INR10.5 billion and net profit grew 155% y/y to INR4.4 billion. Sales of APMEA segment grew...
    OSRAM reports 3.8% y/y drop in revenue to USD1 billion for Q1 2021
    German lighting major OSRAM Licht AG has reported a 3.8% year-on-year (y/y) drop in revenues to EUR840 million (about USD1 billion) for the first quarter ended 31 December 2021, according to a company press release on 9 February. Adjusted EBITDA grew 42.1% y/y to EUR162 million and EBIDTA margi...
    Goodyear FY 2020 net sales slide 16% y/y to USD12.3 billion
    American tire manufacturer, Goodyear Tire & Rubber Company, has published its financial results for the fourth quarter and full fiscal year 2020. According to a press release issued by Goodyear on 9 February, the company posted net sales of USD12.32 billion, which represents a decline of 16.44% ...
    Nidec's net sales increase 2.2% y/y to USD11.4 billion in April–December 2020
    Nidec has reported a growth of 2.2% year on year (y/y) in its net sales to JPY1.18 trillion (USD11.4 billion) during the nine-month period ended 31 December 2020, according to a company press release on 25 January 2021. Operating profit for the period also increased 24% y/y to JPY115.5 billion and n...
    Adient’s Q1 FY 2020/21 net sales declines 2.2% y/y to USD3.85 billion
    Automotive seating supplier Adient has reported 2.2% year-over-year (y/y) decline in net sales to USD3.85 billion in the first quarter ended 31 December 2020, the company said in a press release on 5 February. Despite drop in net sales, the company recorded income before income taxes of USD225 milli...
    Illinois Tool Works (ITW)'s FY 2020 revenue declines 10.9% y/y to USD12.57 billion
    US-based automotive components and specialty products supplier, Illinois Tool Works (ITW), has reported its financial results for the fourth quarter and full fiscal year 2020. According to a press release issued by ITW on 5 February, the company announced that it has generated a full year revenue fi...
    Modine Q3 2020 net sales rises 2.3% y/y to USD484.3 million
    Automotive thermal management solutions supplier Modine Manufacturing Company has announced its financial results for the third quarter of fiscal year (FY) 2020. According to a press release issued by Modine on 4 February, the company registered net sales of USD484.3 million duri...
    SK Innovation’s battery business sales more than doubles y/y to USD1.4 billion in 2020
    In a press release dated 29 January, SK Innovation said that sales in its battery business more than doubled to KRW1.61 trillion (USD1.4 billion) during the full year ended 31 December 2020, as compared with KRW690.3 billion in 2019. SK Innovation reported an operating loss of KRW426.5 billion ...
    Borealis’ net sales fall 15.8% y/y to USD8.3 billion in FY 2020
    Borealis has reported a fall of 15.8% year on year (y/y) in net sales to EUR6.8 billion (USD8.3 billion) during the full year ended 31 December 2020, according to a company press release on 4 February. Net profit for the year also fell 32.4% y/y to EUR589 million. Sales during the last quarter of th...
    Infineon’s Q1 2021 revenue up 37.3% y/y to USD3.23 billion
    Infineon has reported a 37.3% year-on-year (y/y) growth in first quarter revenue for fiscal 2021 at EUR2.63 billion (USD3.23 billion). Net income for the period ended 31 December was EUR256 million compared to EUR201 million in the previous corresponding period. Gross margin was 37.4% vs 37% in 2020...
    Lear FY 2020 net sales declines 14% y/y to USD17 billion
    Lear has reported 14% decline in net sales to USD17 billion in the financial year ended 31 December 2020, the US-based automotive supplier said in a press release on 4 February. Excluding the impact of foreign exchange translations and acquisitions, sales decreased 14% y/y in line with 17% y/y ...
    Aptiv’s FY 2020 net sales declines 9% y/y to USD13.1 billion
    Aptiv’s net sales declined 9% year over year (y/y) to USD13.1 billion in the financial year ended 31 December 2020, the company said in a press release on 3 February. The net decline in sales included volume declines of 7% primarily resulting from the COVID-19 pandemic impacts in the first half of...
    Veoneer’s net sales down 27.8% y/y to USD1.4 billion in FY 2020
    Veoneer has reported 27.8% year-over-year (y/y) decline in net sales to USD1.37 billion in the financial year ended 31 December 2020, the company said in a press release on 3 February. Organic sales fell by 16% y/y in response to 17% drop in global light vehicle production mainly due to the COVID-19...
    NTN’s Q1–Q3 2020 net sales drops 19.3% y/y to USD3.8 billion
    Japanese supplier, NTN Corporation, has announced its financial results for the first three quarters of 2020. According to a press release issued by NTN Corporation on 1 February, the company stated that it has posted net sales of JPY399.6 billion (approximately USD3.8 billion) during the Q1–Q3 20...
    Panasonic’s sales fall 15% y/y to USD47.2 billion in first nine months of 2020
    Panasonic has reported its consolidated financial results for the nine months ended 31 December 2020 of the current fiscal year ending 31 March 2021. According to a company press release on 2 February, the company’s sales decreased by 15% year-on-year (y/y) to JPY4.8 trillion. Operating profit als...
    Mitsubishi Electric’s nine-month FY 2020/21 revenue falls 9.5% y/y to USD23.18 billion
    Mitsubishi Electric has announced a 9.5% year-on-year (y/y) fall in nine-month FY 2021 revenue to JPY2.94 trillion (USD23.18 billion), a company press release on 2 February read. Net profit dropped 33% y/y to JPY107.7 billion. Operating profit fell to JPY137.7 billion from JPY182.2 billion. Reven...
    SiriusXM reports 3.2% y/y rise in FY 2020 revenue to USD8.04 billion
    SiriusXM has reported a 3.2% year-on-year (y/y) growth in revenue for the fiscal year 2020 to USD8.04 billion, according to its press release on 2 February. Net income sunk to USD131 million from USD914 million while income from operations dropped 47.9%. Subscriber revenue for the full year ended...
    Aisin Seiki’s nine-month 2020 revenue decline 12.8% y/y to USD24.2 billion
    Aisin Seiki has reported a 12.8% year-on-year (y/y) decline in revenues to JPY2.5 trillion (USD24.2 billion) for the first nine months ended 31 December, the Japanese supplier said in a press release on 2 February. Operating profit and net profit for the period also decreased by 36% and 16.2% y/y to...
    DENSO April–December 2020 revenue declines 9.9% y/y to USD33.9 billion
    DENSO has reported a 9.9% year-on-year (y/y) decline in consolidated revenue to JPY3.5 trillion (USD33.9 billion) for the first nine months ended 31 December 2020, the Japanese supplier said in a press release on 2 February. Operating profit for the period totaled JPY66.6 billion and net profit JPY4...
    SKF FY 2020 net sales fall 13% y/y to USD8.92 billion
    Sweden-based automotive components supplier, SKF, has announced its financial results for the fourth quarter and full fiscal year 2020. According to a press release issued by SKF on 2 February, the company stated that it posted net sales of SEK74.85 billion (approximately USD8.92 billion) during the...
    Central Glass’ net sales fall 17.7% y/y to USD1.3 billion in April–December 2020
    Central Glass has reported a fall of 17.7% year on year (y/y) in its net sales to JPY136 billion (USD1.3 billion) for the nine-month period ended 31 December 2020, according to a company press release on 1 February. Operating profit for the period fell 74% y/y to JPY1.4 billion and net profit was do...
    NXP reports 3% y/y drop in FY 2020 revenue to USD8.61 billion
    NXP Semiconductors has posted a revenue of USD8.61 billion for the full year 2020, a 3% fall from USD8.88 billion it had reported a year earlier. According to a press release dated 1 February, NXP’s operating income for the year slumped 35% to USD418 million. Revenue from its automotive bu...
    Gentex FY 2020 sales declines 9% y/y to USD1.68 billion
    Gentex has reported a decline of 9.7% year on year (y/y) in net sales to USD1.68 billion for the fiscal year ended 31 December 2020, the company said in a press release on 29 January. Income from operations declined 17.7% y/y to USD411.8 million and net income fell by 18.1% y/y to USD347.6 million. ...
    STMicroelectronics’ FY 2020 revenue rises 6.9% y/y to USD10.22 billion
    STMicroelectronics (STM) has reported a 6.9% year on year (y/y) rise in full year 2020 revenues to USD10.22 billion, according to a company press release on 28 January. Operating income for the quarter grew 9.9% to USD1.32 billion while net income rose to USD1.11 billion from USD1.03 billion a year ...
    STRATTEC Security’s Q2 revenue grows 19.8% y/y to USD127.4 million
    STRATTEC Security posted a 19.8% year-on-year (y/y) rise in second quarter revenue, company press release on 28 January read. Net sales for the second quarter ended 27 December 2020 came in at USD127.4 million compared to net sales of USD106.3 million a year earlier. Net income for the quarter was U...
    LG Chem's net sales grow 9.9% y/y to USD27.6 billion in 2020
    LG Chem has reported growth of 9.9% year on year (y/y) in its net sales to KRW30 trillion (USD27.6 billion) during full-year 2020, according to a company press release on 27 January. Operating profit also saw a huge jump of around 185.1% y/y to KRW2.35 trillion. LG Chem’s Energy Solutions div...
    Texas Instruments reports marginal y/y increase in FY 2020 revenue to USD14.46 billion
    Texas Instruments has reported a marginal 0.5% year-on-year (y/y) rise in revenue for the full year 2020, a press filing by the American company on 26 January showed. Revenue climbed to USD14.46 billion from USD14.38 billion in the previous corresponding period. Net income rose 11.5% to USD5.60 bill...
    Osram announces Q1 preliminary results, revenues reach EUR840 million
    German lighting supplier Osram has announced preliminary first quarter figures. According to a company press release on 26 January 2021, the company’s revenue for the first quarter ended 31 December remained stable year-on-year (y/y) at EUR840 million (USD1 billion). Adjusted EBITDA increased by 4...
    Autoliv FY 2020 net sales declines 13% y/y to USD7.4 billion
    Autoliv’s net sales declined 13% year-over-year (y/y) to USD7.4 billion in the financial year ended 31 December 2020, the Sweden-based automotive supplier said in a press release on 26 January. The company’s sales was impacted by comprehensive production suspensions announced by its customers in...
    Grammer releases preliminary FY 2020 results; revenue declines 16% y/y to USD2.1 billion
    Germany-based automotive interior systems supplier Grammer has released preliminary financial results for the financial year ended 31 December 2020, expecting 16% year-over-year (y/y) decline in revenue to EUR1.71 billion (USD2.1 billion), according to a company’s press release on 21 January. The ...
    PPG net sales fall 8.6% y/y to USD13.8 billion in 2020
    PPG has reported a fall of 8.6% year on year (y/y) in net sales to USD13.8 billion in the full year ended 31 December 2020, according to a company press release on 21 January. Net income for the year also fell 14.7% y/y to USD1.05 billion. Income before income taxes during the 12-month period was US...
    Autoneum reports preliminary results, 2020 revenue declines 24.2% y/y to USD1.9 billion
    Autoneum’s revenue in local currencies fell by 24.2% year on year (y/y) to CHF1.7 billion (USD1.9 billion) for the full year ended 31 December 2020, according to a company press release. The company reported decline in revenues in local currencies of Europe and North America business groups by 28....
    HELLA’s first half 2020 sales decline 6.4% y/y to USD3.7 billion
    Electronics and lighting expert HELLA has announced results for the first six months of the current fiscal year 2020/2021 (1 June to 30 November 2020), according to a company press release on 14 January 2021. HELLA said key performance indicators reveal good business development overall and confirm ...
    Valeo reports preliminary results for Q4 2020; total sales amount to USD6.1 billion
    Valeo has reported preliminary results for the fourth quarter of 2020, according to a company press release on 14 January. Despite the acceleration of the second wave of the COVID-19 pandemic, Valeo recorded like-for-like growth in OE sales of 5.3% in the fourth quarter of 2020 to EUR4.2 billio...
    Nokian Tyres FY2020 net sales dips 17.1% y/y to USD1.59 billion
    Finland-based tire manufacturer, Nokian Tyres, has announced that it posted net sales of EUR1.31 billion (approximately USD1.59 billion) during the fiscal year 2020. According to the company’s annual report, this implies a reduction of around 17.1% year-over-year (y/y) from the EUR1.59 billion tha...
    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 ...
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