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    Global chip famine, now or forever?
    Ever since the pandemic hit last spring, there have been major inventory imbalances across the supply chain, specifically in the chip sector that has caused a global shortage of the component. It was a chain of events that started with the pandemic that forced people to operate from home, resulti...
    In-vehicle voice assistants and the need for seamlessness services
    An important target in the growth of software heavy vehicles is consumer convenience. Like smartphones, smart televisions, and smart homes, voice assistants are one of the key technologies enabling user-friendly applications. Automakers incorporate these virtual personal assistants (VPAs) into their...
    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 ...
    Denso FY 2020 revenue dips 4.2% y/y to USD44.6 billion
    DENSO posted a full year revenue of JPY4.94 trillion (USD44.6 billion) for the period ending 31 March 2021. The 4.2% drop in revenue was attributed to the ‘significant decline in the first quarter’ due to the COVID-19 pandemic, it said in a press release on 28 April. Consolidated operating profi...
    Constellium reports 6.7% y/y drop in Q1 FY2021 revenue to USD1.57 billion
    French aluminum products supplier Constellium has reported a 6.7% year-on-year (y/y) fall in first quarter fiscal 2021 revenue at EUR1.34 billion (USD1.57 billion), according to a company press release on 28 April. Gross profit for the period dropped 7.2% to EUR142 million while net income came in a...
    Dana’s Q1 2021 sales rise 17.5% y/y to USD2.26 billion
    American automotive components and systems supplier Dana Inc. has published its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by Dana on 28 April, the company posted a sales figure of USD2.26 billion during first quarter 2021. Thi...
    Fujitsu’s FY2020 revenue falls 6.9% y/y to USD32.57 billion
    Fujitsu posted a 6.9% year-on-year (y/y) drop in full-year 2020 revenue at JPY3.59 trillion (USD32.57 billion), according to a press release on 28 April. Operating profit for the period grew 25.9% to JPY266.32 billion while net profit came in at JPY202.70 million, up from JPY160.04 million last year...
    SiriusXM posts 5% y/y growth in Q1 FY2021 revenue to USD2.06 billion
    SiriusXM has reported a 5% year-on-year (y/y) increase in revenues to USD2.06 billion for the first quarter of fiscal 2021, the company said in a press release on 28 April. Net income for the quarter fell 25.3% y/y to USD219 million. Net income for the quarter included a USD220 million non-cash impa...
    Toyota Industries FY 2021 net sales fall 2.4% y/y to USD19.51 billion
    According to a company report on 28 April, Toyota Industries has reported that net sales has amounted to JPY2,118.3 billion, a decrease of JPY53.0 billion, or 2%, from the previous fiscal year. The Automobile market shrank overall, although it recovered in China. Amid such operating conditions, n...
    Valeo Q1 2021 sales rise 4% y/y to USD5.67 billion
    France-based automotive components and systems supplier, Valeo, has published its financial results for the first quarter of 2021. According to a press release issued by Valeo on 28 April, the company reported sales of EUR4.67 billion (approximately USD5.67 billion) for the first quarter of the 2021...
    GRAMMER’s Q1 2021 revenue rises by 10.7% y/y to USD591.2 million
    GRAMMER has reported revenue of EUR503.7 million (USD591.2 million) for the first quarter ended 31 March 2021, representing an increase of 10.7% year-on-year (y/y), according to a company press release on 28 April. Both divisions from Automotive and Commercial Vehicles posted growth in rev...
    MAHLE's FY 2020 sales slide 18.9% y/y to USD12 billion
    Germany-based automotive components and systems supplier MAHLE has posted a net sales figure of EUR9.8 billion (approximately USD12 billion) during the 2020 fiscal year (FY). This represents a decline of roughly 19% year on year (y/y) from the EUR12.05 billion in net sales generated during...
    NXP’s Q1 FY 2021 revenue rises 27% y/y to USD2.57 billion
    NXP Semiconductors has posted a 27% year-on-year (y/y) revenue growth in the fist quarter of fiscal 2021 at USD2.57 billion, according to a company press release on 26 April. Net income for the period came in at USD353 million compared to a loss of USD21 million last year. The company’s research a...
    Hanon Systems FY 2020 sales slide 3.9% y/y to USD6.19 billion
    Automotive thermal components and systems supplier, Hanon Systems, has published its financial results for the full fiscal year 2020. According to the company’s annual report, Hanon Systems registered sales of KRW6.87 trillion (approximately USD6.19 billion) during FY 2020. This implies a reductio...
    Autoliv’s Q1 sales up 21% y/y to USD2.2 billion
    Autoliv has reported a growth of 21.5% year-on-year (y/y) in sales to USD2.2 million for the first quarter ended 31 March 2021, according to a company press release on 23 April. Operating income for the quarter also grew by 77% y/y to USD237 million. The company posted a net income of USD157 million...
    Sogefi Q1 2021 revenue rises 5.1% y/y to USD431.4 million
    Italian automotive components supplier, Sogefi Group, has released its financial results for the first quarter of the 2021 fiscal year. According to a press release issued by the company on 23 April, Sogefi posted a revenue of EUR356.6 million (approximately USD431.4 million) during the first quarte...
    TE Connectivity net sales rises 11% y/y in Q2 FY 2021 to USD3.74 billion
    TE Connectivity has reported an 11% year-on-year (y/y) growth in net sales for the second quarter of fiscal year 2021, according to a company press release on 21 April. Net sales was USD3.74 billion for the second quarter versus USD3.20 billion a year earlier. Net income came in at USD506 million co...
    Faurecia’s Q1 2021 sales up 8.9% y/y to USD4.7 billion
    Faurecia has reported an 8.9% year-on-year (y/y) growth in sales to EUR4 billion (USD4.7 billion) for the first quarter ended 31 March 2021. According to a company press release on 20 April, Seating segment sales rose by 10.1% y/y to EUR1.5 billion and sales in the Interior segment grew by 11% y/y t...
    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 ...
    Schaeffler FY 2020 revenue falls 12.7% y/y to USD15.11 billion
    Germany-based automotive components and systems supplier, Schaeffler, has announced its financial results for the 2020 fiscal year. According to the company’s annual report, Schaeffler generated revenues of EUR12.6 billion (approximately USD15.11 billion) during FY 2020. This implies a reduction o...
    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...
    NVIDIA’s FY2021 revenue surges 53% y/y to USD16.68 billion
    NVIDIA has reported a 53% year-on-year (y/y) surge in revenue for the full year 2021, according to a company press release dated 24 February. Revenue rose to USD16.68 billion from USD10.92 billion a year earlier. Net income for the period rose to USD6.28 billion from USD3.58 billion.
    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 ...
    ElringKlinger posts 14.3% y/y fall in FY2020 revenue to USD1.82 billion
    ElringKlinger has reported a 14.3% year-on-year (y/y) decline in revenue to EUR1.48 billion (USD1.82 billion) for the full year ended 31 December, according to a company press release on 23 February. EBITDA for the period fell marginally to EUR180.9 million. R&D costs declined to EUR76.1 million...
    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...
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