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    Grupo Antolin’s nine-month 2019 sales decline 1.4% y/y to USD4.2 billion
    Grupo Antolin’s sales declined 1.4% year on year (y/y) to EUR3.85 billion (USD4.2 billion) in the nine-month period ended 30 September 2019, the Spain-based automotive supplier said in a press release on 28 November. Sales reached EUR1.93 billion in Europe, Grupo Antolin’s biggest market. The co...
    Minda Corp’s Q2 net profit down 27.5% y/y to USD5 million
    Minda Corporation has reported a 27.5% year-on-year (y/y) decrease in net profit to INR355.1 million (USD5 million) for the second ended 30 September 2019, according to a regulatory filing on 6 November. The company recorded 35.8% y/y decline in profit before taxes (PBT) to INR421.3 million. Minda C...
    Kasai Kogyo net income drops 42.1% y/y to USD12.9 million in H1 2019
    Japan-based automotive interior parts supplier Kasai Kogyo has reported a 42.1% year-on-year (y/y) decline in net income to JPY1.4 billion (USD12.9 million) for the first six months ended 30 September 2019, according to a company press release on 14 November. Net sales for the period also fell by 9%...
    thyssenkrupp’s net sales rise 1.11% y/y to USD46.29 billion in FY2019
    German components manufacturer thyssenkrupp has reported an increase in its net sales to EUR42 billion (approximately USD46.29 billion) during the financial year ended September 30th, 2019, which represents a rise of 1.11%. The company reported its results in a press statement issued on November 21s...
    MRF’s Q2 net profit down 17.7% y/y to USD32.4 million
    MRF’s consolidated profit from continuing operations declined 17.7% year on year (y/y) to INR2.2 billion (USD32.4 million) in the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 8 November. The company’s profit before taxes (PBT) also declined 16.2% y...
    Minda Industries’ Q2 net profit down 32% y/y to USD7 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 32% year-on-year (y/y) decrease in net income to INR494.4 million (USD7 million) for the second quarter ended 30 September 2019, the company said in a regulatory filing on 14 November. The compan...
    Lumax Industries’ Q2 net profit down 3.7% y/y to USD2.8 million
    Lumax Industries has reported a 3.7% year-on-year (y/y) decline in net profit to INR200.8 million (USD2.4 million) for the second quarter ended 30 September 2019, according to a company regulatory filing on 12 November. Profit before tax for the period grew by 1.9% y/y to INR264.6 million. The compa...
    Johnson Matthey reports 13.7% y/y decline in H1 net profit to USD216 million
    Johnson Matthey has reported a decline of 13.7% year on year (y/y) in its net profit to GBP176 million (USD216 million) for the first half ended 30 September 2019, according to a company press release on 21 November. Revenue for the six-month period totaled GBP6.8 billion, representing a growth of 3...
    Nichicon H1 net income rises more than threefold to USD19.5 million
    Electronics components manufacturer Nichicon reported an over threefold jump in first-half 2020 net income at JPY2.10 billion (USD19.5 million). Net sales for the period declined marginally to JPY59.81 billion from JPY59.88 billion a year earlier, according to the company’s financial filing on 5 N...
    Autoliv expects annual sales to grow 3–4% more than light vehicle production in medium term
    Autoliv expects its annual organic sales to grow on average by 3–4% more than the increase in global light vehicle production over the next three to five years, the Sweden-based automotive supplier said during a Capital Markets Day event held in Ogden, Utah, on 19 November. The Swedish s...
    NVIDIA’s Q3 net income declines 27% y/y to USD899 million
    NVIDIA’s net income dropped 27% year-on-year (y/y) to USD899 million in the third quarter ended 27 October (FY 2019/20), the company said on 14 November. The US-based company recorded a 5% y/y decline in revenue for the quarter to USD3 billion, while lower revenue resulted in a 12% y/y d...
    Henkel's Q3 net income falls 9.4% y/y to USD671.5 million
    Henkel has reported a fall of 9.4% year-on-year (y/y) in its net income to EUR556 million (USD671.5 million) for the third quarter ended 30 September, according to a company press release on 14 November. Net sales during the quarter dropped marginally by 0.8% y/y to EUR5.07 billion, while EBIT ...
    Stanley Electric’s first half 2020 net income falls 18.6% y/y
    Stanley Electric Company has posted a 18.6% year-on-year (y/y) decline in net income at JPY15.67 billion (USD145.1 million) for the first half of FY 2020 ended 30 September. Net sales for the period fell to JPY204.47 billion from JPY215.11 billion a year earlier, according to the company’s financi...
    Toshiba reports net loss of USD45.5 million in Q2
    Toshiba posted a net loss of JPY4.92 billion (USD45.5 million) for the second quarter ended 30 September. It had posted a net profit of JPY65.41 billion in the previous corresponding period. Net sales was lower at JPY898.24 billion from JPY935.68 billion a year earlier, according to its filing ...
    Samsung Electronics’ Q3 operating profit slumps 55.7% y/y to USD6.46 billion
    Samsung Electronics posted a 55.7% year-on-year (y/y) drop in third-quarter operating profit last month. While profit came in at KRW7.78 trillion (USD6.46 billion), total sales dropped to KRW62 trillion from KRW65.46 trillion. Third-quarter operating profit from the semiconductor business dropped...
    Panasonic’s H1 net profit down 11.2% y/y to USD934.3 million
    Panasonic has reported a 11.2% year-on-year (y/y) fall in first-half net profit at JPY100.9 billion (USD934.9 million). According to its financial statement filed last month, Panasonic posted net sales of JPY3.84 trillion, down from JPY4.01 trillion last year. For the second quarter ended 30 Sept...
    Motherson Sumi’s Q3 net profit up 3.6% y/y to USD54.5 million
    Motherson Sumi Systems Limited (MSSL) has reported a 3.6% year-on-year (y/y) growth in consolidated net profit (attributable to owners) to INR3.8 billion (USD54.5 million) for the third quarter ended 30 September 2019, according to a regulatory filing on 11 November. Revenue from operations in the q...
    China Automotive Systems reports USD4.2 million net income for Q3
    China Automotive Systems (CAS) has reported a net income of USD4.2 million for the third quarter ended 30 September, compared with a net income of USD0.4 million in the same period a year ago, the China-based power steering components and systems supplier said on 12 November. Net sales for the perio...
    Leoni posts USD96.2 million net loss in Q3
    Leoni has posted a net loss of EUR88 million (USD96.2 million) in the third quarter ended 30 September, according to the company’s financial filings. During the same period last year, Leoni reported a net income of EUR23 million. Third-quarter group sales fell 4.2% to EUR1.16 billion. In t...
    Martinrea posts 14.48% y/y rise in sales, to USD735 million, during Q3 2019
    Canadian lightweight automotive components and powertrain systems supplier Martinrea announced its financial results for the quarter ended 30 September 2019 in a press release issued on 12 November. The company has reported a rise in revenue from CAD851.14 million during the third qua...
    Grammer reports 14% y/y growth in January–September revenue, to USD1.6 billion
    Automotive interior supplier Grammer reported a 14% year-on-year (y/y) increase in revenue, to EUR1.5 billion (USD1.6 billion), in the nine-month period that ended 30 September 2019, the company said in a press release on 12 November. The higher revenue helped the Germany-based company to record EBI...
    Infineon Technologies’ FY2019 net income slumps 19.1% y/y to USD951.5 million
    Infineon Technologies reported a 19.1% drop year-on-year (y/y) in full year 2019 net income to EUR870 million (USD951.5 million). Revenues increased to EUR8.03 billion from EUR7.60 billion during the same period. For the fourth quarter ended 30 September, Infineon’s net income grew 14.2% to EUR...
    Continental’s Q3 sales up 3% y/y to USD12.1 billion
    Continental has reported 3% year-over-year (y/y) increase in sales to EUR11.1 billion (USD12.1 billion) in the third quarter ended 30 September 2019, the company said in a press release on 12 November. Adjusted for change in scope of consolidation exchange rates, sales dropped slightly, by 0.3% y/y....
    Keihin’s H1 net profit down 76.2% y/y to USD16.5 million
    Keihin has reported a 76.2% year-on-year (y/y) decline in net income to JPY1.7 billion (USD16.5 million), for the first six months ended 30 September 2019, according to a company press release on 30 October. Net sales during the period fell by 5.2% y/y to JPY164.1 billion. Keihin’s operating profi...
    Kongsberg revenue climbs 7.8% y/y to USD307.46 million in Q3 2019
    Norwegian automotive components supplier Kongsberg Automotive has registered a revenue of EUR279.2 million (approximately USD307.46 million) during the third quarter of 2019, which represents a rise of 7.8% year over year when compared to the same time frame of last year. The company issued a pre...
    Osram reports EUR343 million net loss for FY 2019
    Osram has reported a net loss of EUR405 million (USD442.9 million) for the fiscal year ended 30 September 2019, compared with a net profit of EUR137 million in the previous fiscal year, according to a press release on 12 November. Revenue for the year declined 8.5% year on year (y/y) to EUR3.5 billi...
    Varroc Engineering’s Q2 net profit down 76.9% y/y to USD3.2 million
    Varroc Engineering has reported a decline of 76.9% year on year (y/y) in net profit to INR229.4 million (USD3.2 million) for the second quarter ended 30 September 2019, according to a regulatory filing on 12 November. Revenue from operations for the period declined 9.9% y/y to INR27 billion. Operati...
    Yokohama Rubber revenue rises 1.1% y/y to USD4.28 billion during January-September 2019
    The Yokohama Rubber Co Ltd announced its financial results for the January to September 2019 period in a press release dated November 12th. The Japanese tire maker reported a 1.1% year over year rise in revenue to JPY465.74 billion (approximately USD4.28 billion) during the first three qua...
    Akebono net sales decline 19% y/y to USD940 million during January-September 2019
    Japan-based supplier of brake systems, Akebono, has released its financial results for the January to September 2019 period. In a statement issued on November 12th, the company has reported a drop in net sales by 19% to JPY102.38 billion (approximately USD940 million). The net sales of the company d...
    AAM's Q3 2019 net sales fall 7.6% y/y to USD1.68 billion
    American Axle & Manufacturing Holdings, Inc. (AAM) has reported a net sales figure of USD1.68 billion during the third quarter of 2019. This represents a drop of 7.6% from USD1.82 billion when compared to the net sales of the same time frame of last year. The strike between General Motors and UA...
    Showa’s net sales drop 3.1% y/y to USD1.24 billion during Q2 2019
    Japanese automotive suspension components supplier Showa has released its financial results for the April to September 2019 period. According to a report dated October 30th, the net sales of the company fell to JPY135.37 billion (nearly USD1.24 billion) during the six months ended September 30th, wh...
    Intel’s Q3 net income drops 6% y/y to USD6 billion
    Chipmaker Intel reported last month a 6% year-on-year (y/y) drop in third quarter net income at USD6 billion on a GAAP basis. Revenue came in flat at USD19.2 billion but gross margin fell to 58.9% from 64.5% a year earlier. Revenue from its unit Mobileye saw a healthy increase. The unit, which is...
    Garrett Motion reports marginal drop in sales of 0.4% y/y to USD781 million during Q3 2019
    Switzerland-based automotive supplier firm, Garrett Motion, has released its financial results for the third quarter of 2019 in a press statement issued on 8th November. The company has registered a marginal drop in its third quarter 2019 sales, which stand at USD781 million, and represent...
    Brembo’s revenue drops 1.97% y/y to USD713.42 million in Q3 2019
    Italian manufacturer of brakes and other components, Brembo, has released the financial results for the period ended September 30th, 2019 in a press statement issued on November 7th. The company’s Q3 2019 revenue stands at EUR647.1 million (approximately USD713.42 million), which is a decline of 1...
    Bridgestone’s net profit fall 6.4% y/y to USD1.9 billion during January-September 2019
    Bridgestone’s net income decreased 6.4% year over year (y/y) to JPY205.4 billion (USD1.9 billion) in the first nine months ended 30 September 2019, the Japan-based tire-maker said in a press release on 8 November. Net sales for the period declined by 1.5% y/y to JPY2.6 trillion. The company witnes...
    Borealis’ Q3 net profit slips 25.8% y/y to USD226.4 million
    Borealis’s net profit declined 25.8% year on year (y/y) to EUR207 million (USD226.4 million) in the third quarter ended 30 September 2019, the Austria-based company said in a press release on 4 November. The company reported net sales of EUR1.9 billion, down 3.9% y/y. In the third quarter of 2019,...
    Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3
    Magna has reported 3.1% year-over-year (y/y) decline in net sales to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of...
    Renesas’ Q3 net profit rises 13.6% y/y, to USD208.4 million
    Renesas has reported a 13.6% year-on-year (y/y) increase in third-quarter net profit, at JPY22.5 billion (USD208.4 million), according to a press release on 7 November. Revenue rose from JPY179.9 billion last year to JPY183.4 billion. Its gross margin came in at 45% compared with 43.9% a year e...
    Modine reports 9% y/y decline in sales to USD500.2 million during Q2 2019
    American manufacturer of thermal management solutions, Modine, has released its financials for the quarter ended September 30th, 2019. In a press release issued on November 7th, the Wisconsin-based company stated that its sales have reduced by 9% from USD548.9 million during Q2 2018 to USD500.2 mill...
    Sogefi Group revenues decline 3.2% y/y to USD1.27 billion during January-September 2019
    Italian auto components manufacturer, Sogefi Group, has released its financial results for the nine months ended September 30th, 2019. In the company’s interim financial report dated November 7th, Sogefi reported a revenue of EUR1.15 billion (approximately USD1.27 billion) during January-September...
    ArcelorMittal’s Q3 sales fall 10.1% y/y to USD16.6 billion
    ArcelorMittal has reported a 10.2% year-on-year (y/y) decline in sales to USD16.6 million for the third quarter ended 30 September 2019, according to a company press release on 7 November. The company posted a net loss of USD539 million for the period, compared with a net profit of USD899 million in...
    Ichikoh’s net profit down 36.8% y/y to USD35.5 million during January-September 2019
    Ichikoh Industries, a Valeo company, has reported a 36.8% year-on-year (y/y) decline in net profit to JPY3.8 billion (USD35.5 million) for the first nine months of the year ending 30 September, according to a company press release on 7 November. Net sales for the period amounted to JPY100.3 billion,...
    Adient reports USD491 million net loss for FY2019
    Adient has reduced its net loss to USD491 million in the financial year ended 30 September 2019 compared to USD1.7 billion a year earlier, the US-based automotive seating and interior systems supplier said in a press release on 7 November. Sales declined 5.2% y/y to USD16.5 billion. Despite lower sa...
    Arconic's Q3 revenue grows 1% y/y to USD3.6 billion
    Arconic has reported a growth of 1% year on year (y/y) to USD3.6 billion during the third quarter ended 30 September 2019, according to a company press release on 5 November. Net income for the quarter fell 40.9% y/y to USD91 million. Operating income in the third quarter touched USD326 million, whi...
    ElringKlinger's Q3 revenue grows 6.3% y/y to USD478.5 million
    ElringKlinger reported a growth of 6.3% year on year (y/y) in its revenue to EUR431.9 million (USD478.5 million) for the third quarter ended 30 September 2019, according to a company press release on 6 November. Net income for the quarter fell 38% y/y to EUR6.7 million. EBIT also reduced by 11.4% y/...
    voestalpine registers 2% y/y decline in revenue to USD7.24 billion during H1 2019
    Austrian manufacturer of automotive body-in-white components, voestalpine, has announced a decline in revenue to the tune of 2% during H1 2019 compared to the same time frame of last year. The company’s sales figure for the half year ended 30th September 2019 stood at EUR6.54 billion (approximatel...
    Superior Industries reports higher net loss of USD6.6 million in Q3
    Aluminum wheel supplier Superior Industries has reported a net loss of USD6.6 million for the third quarter ended 30 September 2019, compared to a net loss of USD0.7 million in the same period a year ago, the company said in a press release on 4 November. Net sales for the quarter grew 1.2% y/y to U...
    Exide Industries' Q3 net profit up 16.1% y/y to USD35 million
    India-based battery supplier Exide Industries has reported a growth of 16.1% year on year (y/y) in its profit after tax to INR2.5 billion (USD35 million) in the third quarter ended 30 September 2019, the company announced in a press release on 6 November. Exide Industries’ revenue from operations ...
    Johnson Electric’s H1 net profit rises 16% y/y to USD162 million
    Johnson Electric posted a 16% rise in net profit to USD162 million for the first half of fiscal year 2020, the company reported on 6 November. Group sales for the same period came in 7% lower at USD1.57 billion while the underlying profit, after adjusting for the effects of significant non-cash ...
    Apollo Tyres Q2 net income drops 43% y/y to USD11.7 million
    India-based Apollo Tyres has reported a 43.7% year-on-year (y/y) drop in net profit to INR830.7 million (USD11.7 million) for the second quarter ended 30 September, according to a company regulatory filing on 5 November. The Indian tire-maker reported a 6.3% y/y decline in sales to INR39.2 billion. ...
    Schaeffler’s Q3 revenue increases 2.6% y/y to USD3.9 billion
    Schaeffler has reported a growth of 2.6% year on year (y/y) in its revenue to EUR3.6 billion (USD3.9 billion) during the third quarter ended 30 September 2019. Net income during the quarter, however, declined 17.1% y/y to EUR212 million. EBIT also fell 17% y/y to EUR312 million.  Sales in Au...
    Hankook Tire’s operating profit down 4% y/y to USD155.4 million in Q3 2019
    Hankook Tire has announced its financial results for the third quarter of this year. The South Korea-based tire manufacturer has registered a reduction of 4% year-on-year in its operating profit for the Q3 2019 period. The company reported an operating profit of KRW180 billion (approximately USD1...
    Michelin consolidated sales climb 10.4% y/y during Jan-Sept 2019 to USD 19.82 billion
    French tire manufacturer Michelin has released its most recent financial results in a statement issued on October 24th. The company’s consolidated sales for the January-September 2019 period stood at EUR17.90 billion (nearly USD19.82 billion), which represents a rise of 10.4% when compared to the ...
    Cooper Standard revenue drops by 15.4% y/y to USD729 million in Q3 2019
    During the third quarter of 2019, Michigan-based automotive components manufacturer Cooper Standard has reported a dip in its sales to the tune of 15.4% year on year to USD729 million. The company’s sales figure for the three months ended September 30th of last year stood at USD861.7 million. Coop...
    Toyota Industries’ H1 net profit rises 10.6% to USD756 million
    Toyota Industries has released its financials in a press statement issued on October 31st, and the company’s net profit for the April-September 2019 period stands at JPY82.28 billion (approximately USD756 million). This represents an increase of 11% when compared to the same time frame of the prev...
    Hyundai Mobis’s Q3 net income up 29.4% y/y to USD483.4 million
    Hyundai Mobis has reported 29.4% y/y increase in net income to KRW582 billion (USD483.4 million) in the third quarter ended 30 September 2019, the leading automotive supplier from South Korea said in a regulatory filing. Sales in the quarter increased 12.1% y/y to KRW9.44 trillion. Higher sales also...
    Pirelli revenue rises by 2.8% y/y to USD4.49 billion in Jan-Sept 2019
    Italian tire maker Pirelli released its financial results for the first nine months of 2019, in a statement dated October 29th. Despite a weakening demand for vehicles across most of the world, the company registered an increase in its revenue by a factor of 2.8% to EUR4.036 billion (approximately U...
    Delphi Technologies releases Q3 2019 results, revenue dips 11% y/y to USD1 billion
    In a press release dated 31 October, UK-based automotive components firm Delphi Technologies has divulged its results for the third quarter of 2019. The company’s revenue has dropped to USD1 billion, which represents a reduction of 11% from the same period of last year. The operating income o...
    Denso announces H1 2019 results, operating profit down 12% y/y to USD1.2 billion
    Japanese auto components manufacturer Denso has reported its financial results for the first half of 2019, in a press release dated 1 November. The company’s consolidated revenue declined by 0.2% to JPY2,618.4 billion (USD 24.3 billion). Operating profits also registered a reduction, having c...
    Gestamp’s Q3 revenues increase 8.7% y/y to USD2.2 billion
    Gestamp has reported a growth of 8.7% year on year (y/y) in its revenues to EUR2 billion (USD2.2 billion) in the third quarter ended 30 September, according to a company press release on 31 October. Net income during the quarter, however, witnessed a fall of 10% y/y to EUR28 million. Revenues at con...
    Gentherm reports Q3 results, revenue drops 8.2% y/y to USD240.1 million
    US auto components manufacturer Gentherm has released their financial results for the quarter ended 30 September in a statement dated 29 October. According to Gentherm, the product revenues of the company dropped by 8.2% in Q3 to USD240.1 million, compared to USD261.5 million during Q3 of last ...
    NXP Q3 revenue falls 7% y/y to USD2.3 billion
    NXP Semiconductors has reported a 7% year-on-year (y/y) drop in third quarter revenue at USD2.3 billion, according to the company’s filings on 28 October. Its non-GAAP operating margins improved marginally to 30.3% from 30% in the previous year. The board also approved the payment of an interim di...
    SiriusXM’s Q3 net income declines 28.2% y/y to USD243 million
    SiriusXM’s net income declined 28.2% year-on-year (y/y) to USD243 million in the third quarter ended 30 September, the US-based company said on 31 October. Total revenue increased 37.1% y/y to USD2 billion. Revenue on pro forma basis increased 7% y/y.  SiriusXM recorded income before inc...
    Aisin Seiki reports 52.9% y/y drop in H1 net income to USD281.3 million
    Aisin Seiki’s net income declined 52.9% year-on-year (y/y) to JPY30.4 billion (USD281.3 million) in the first half ended 30 September, the company said on 31 October. Revenue dropped 4% y/y to JPY1.91 trillion, mainly due to a decline in automatic transmission sales in China. In the first hal...
    Tenneco’s Q3 net income rises 22.8% y/y to USD70 million
    Tenneco has reported 22.8% year-on-year (y/y) increase in net income to USD70 million in the third quarter ended 30 September, the company said on 31 October. The company recorded an 82.2% y/y increase in revenue to USD4.31 billon. On a constant currency pro forma basis, Tenneco’s revenue inc...
    TE Connectivity’s FY 2018/19 net income drops 28% y/y to USD1.84 billion
    TE Connectivity reported a 28.1% decline in full-year net income to USD1.84 billion, according to a company press release on 30 October. Net sales dropped 3.9% to USD13.45 billion. Full-year net sales from its transportation solutions segment came in at USD7.82 billion compared with&nbs...
    Fujitsu’s H1 profit slumps 21.5% to USD589.5 million
    Fujitsu has reported a 21.5% fall in first-half net profit to JPY63.66 billion (USD589.5 million) in a company press release on 29 October. Revenue came in at JPY1.829 trillion from JPY1.835 trillion a year earlier. First-half operating margin stood at 3.9% compared with 5.2...
    Garmin Q3 net income rises 23.7% to USD227.9 million
    Garmin reported a 23.7% year-on-year (y/y) increase in net income for the quarter ended 30 September, the company said on 30 October. Net income came in at USD227.9 million while net sales stood at USD934.4 million, a growth of 15.4% from the previous corresponding period. The company reported an...
    AGC’s nine-month net income drops 55.5% y/y to USD31.6 million
    AGC’s net income declined 55.5% year-on-year (y/y) to JPY28.9 billion (USD31.6 million) in the nine months ended on 30 September, the company said on 30 October. Net sales dropped slightly by 0.2% y/y to JPY1.12 trillion.  Sales in the company’s Glass segment, which caters to t...
    Aptiv Q3 net income rises 10.8% y/y to USD246 million
    Aptiv has reported 10.8% year-over-year (y/y) increase in net income to USD246 million in the third quarter ended 30 September 2019, the company said in a press release on 30 October. Net sales increased by 2% y/y to USD3.6 billion. Adjusted for currency exchange, commodity movements and divestures,...
    Nokian Tyres’ Q3 net profit declines 21.6% y/y to USD55.8 million
    Finnish tire-maker Nokian Tires has reported a 21.6% year-on-year (y/y) decline in net income to EUR51.1 million (USD55.8 million) for the third quarter ended 30 September 2019, according to a company press release on 30 October. Net sales for the period were up marginally by 0.1% y/y to EUR357.3 mi...
    Dana's Q3 net income grows 16.8% y/y to USD111 million
    Dana has reported a growth of 16.8% year on year (y/y) in its net income to USD111 million during the third quarter ended 30 September, according to a company press release on 30 October. Net sales during the three-month period also increased 9.4% y/y to USD2.1 billion. For the first nine months, ne...
    JK Tyre’s Q2 net profit up more than triples y/y to USD24 million
    JK Tyre has reported a more than threefold jump year-on-year (y/y) in net profit to INR1.7 billion (USD24 million) for the second quarter ended 30 September 2019, the Indian tire-maker said in a regulatory filing on 30 October. The company’s profit before tax declined 68.3% y/y to INR216.3 million...
    Strattec Security’s Q1 net income down 64% y/y to USD1.2 million
    Strattec Security has reported a 64.1% year-on-year (y/y) decline in net income to USD1.2 million for the first quarter ended 29 September 2019, the US based vehicle access systems supplier said in a press release on 24 October. Net sales for the period increased 2.4% y/y to USD119.9 million. Despit...
    Koito’s H1 net income down 12.2% y/y to USD269.6 million
    Koito's net profit declined 12.2% year on year (y/y) to JPY29.1 billion (USD269.9 million) in the first six months ended 30 September 2019, according to a company press release on 28 October. Net sales for the period grew 1.6% y/y to JPY399 billion. Despite higher sales, the Japanese automotive ligh...
    Cooper Tire & Rubber’s Q3 net income down 45.7% y/y to USD29.3 million
    US-based Cooper Tire & Rubber Company has reported a 45.7% year-on-year (y/y) decline in net income to USD29.3 million for the third quarter ended 30 September 2019, according to a company press release on 28 October. Net sales for the period were down 4.5% y/y to USD704.1 million. Operating pro...
    Sogefi’s Q3 revenue falls 3.2% y/y to USD1.2 billion
    Sogefi has reported a 3.2% year-on-year (y/y) fall in its revenue to EUR1.1 billion (USD1.2 billion) during the first nine months ended 30 September 2019, according to a company press release on 25 October. The net income for the nine-month period fell by 59.3% y/y to EUR8.3 million. During the Janu...
    BASF’s Q3 net income down 24% y/y to USD1 billion
    In a press release issued on October 24th, German chemical production firm BASF disclosed its financial results for the third quarter of 2019. The company’s sales  declined by 2% to EUR15.2 billion (approximately USD16.85 billion) during Q3 of this year. This was as a result of the lower pric...
    Plastic Omnium’s Q3 consolidated revenue rises 10% y/y to USD2.48 billion
    French auto components manufacturer Plastic Omnium has just released its financial results for the third quarter of 2019. The company’s consolidated revenue has risen by EUR2.24 billion (approximately USD2.48 billion), according to a statement from the company dated 24th October. This represents a...
    Autoliv Q3 net income drops 27.1% y/y to USD86 million
    Autoliv has reported 27.1% year-over-year (y/y) decline in net income to USD86 million in the third quarter ended 30 September 2019, the company said in a press release on 25 October. The company also witnessed 20.1% y/y decline in operating income to USD153.8 million. Autoliv’s net sales dropped ...
    Lear’s Q3 net income declines 14.5% y/y to USD215.9 million
    Lear’s net income declined 14.5% year over year (y/y) to USD215.9 million in the third quarter ended 30 September 2019, the US-based automotive supplier said in a press release on 25 October. Sales dropped marginally by 1% y/y to USD4.82 billion, reflecting lower production on Lear’s platforms a...
    Goodyear’s Q3 net income down 74.9% y/y to USD88 million
    Goodyear has reported a 74.9% year on year (y/y) decline in net income to USD88 million for the third quarter ended 30 September 2019, according to a company press release on 25 October. Net sales for the period declined 3% y/y to USD3.8 billion. The tire-maker posted a decline of 76.4% y/y in incom...
    Nidec’s net profit drops 65% y/y to USD 253.73 million in H1 2019
    Automotive components manufacturer Nidec has revealed its consolidated financial results for the six months that ended on September 30th, 2019 in a release dated October 23rd. During this period, the company’s profit attributable to owners of the parent dipped by 64.9% compared to H1 2018 to JP...
    Valeo’s Q3 sales rises 8% y/y to USD5.3 billion
    French automotive components supplier Valeo has reported a rise in its revenue by a factor of 8% to EUR4.77 billion (approximately USD 5.3 billion) in the third quarter of 2019 in a press release dated October 24th. However, the company also stated that the ongoing strike at General Motors (GM) has ...
    Saint-Gobain’s nine-month sales up 4.3% y/y to USD35.5 billion
    Saint-Gobain has reported a 4.3% year-on-year (y/y) growth in group sales to EUR32.5 billion (USD35.5 billion) for the first nine months ended 30 September 2019, the France-based automotive glazing supplier said in a press release on 24 October. Saint-Gobain organizes its business in five reporti...
    Haldex’s Q3 net income down 36.2% y/y to USD3.7 million
    Haldex’s net income declined 36.2% year on year (y/y) to SEK37 million (USD3.7 million) in the third quarter ended 30 September, the Sweden-based automotive parts supplier said on 24 October. Net sales for the period increased 1% y/y to SEK1.28 billion. Despite higher sales, operating income dropp...
    Visteon’s Q3 net income drops 33.3% y/y to USD14 million
    Visteon reported a 33.3% dip in net income for the quarter ended 30 September, according to a press filing on 24 October. While net income came in at USD14 million, quarterly sales grew 7% to USD731 million. "Our revenue growth in the third quarter reflected the positive impact of the high number...
    STMicroelectronics Q3 net revenue rises marginally y/y to USD2.55 billion
    STMicroelectronics reported a 1.2% year-on-year (YoY) increase in net revenue at USD2.55 billion for the quarter ended 30 September 2019. Its third quarter net income dropped to USD302 million from USD369 million while the operating margin slid to 13.1% from 15.8% in the previous corresponding perio...
    Constellium's Q3 revenue grows 2% y/y to USD1.64 billion
    Constellium has reported a 2% year-on-year (y/y) growth in revenues to EUR1.4 billion (USD1.64 billion) for the third quarter ended 30 September 2019, according to a company press release on 23 October. Higher revenue helped the Netherlands-based aluminum supplier record 18% y/y growth in adjusted E...
    Veoneer’s Q3 net loss almost doubles y/y to USD133 million
    Veoneer’s net loss almost doubled year over year (y/y) to USD133 million in the third quarter ended 30 September 2019, the company said in a press release on 23 October. The company also recorded operating loss of USD122 million, more than double over USD58 million a year earlier. Veoneer reported...
    ams’s Q3 revenue rises 41% y/y to USD645 million
    Austrian sensor specialist ams reported a 41% year-on-year (YoY) increase in its revenue at USD645 million for the quarter ended 30 September 2019, the company said in a press filing.  Its operating margin shot up to 28% from 12% in the previous corresponding period while its quarterly net resu...
    Continental to fully spin off powertrain business Vitesco Technologies
    The slowdown in the automotive sector across the globe has resulted in many suppliers taking a hit as well. German components manufacturer Continental has announced that the company registered consolidated sales of EUR11.1 billion (approximately USD 12.34 billion) in the third quarter of 2019. Th...
    SKF Group organic sales decrease 1.5% y/y in Jan-Sept 2019
    The Swedish manufacturer of bearings and seals, SKF Group, has released its financial results for the period from January to September 2019. The company has reported a decline in its organic sales by 1.5% in the January to September 2019 period. The organic sales in Q3 dropped by 3% when compar...
    Texas Instruments’s Q3 net income down 9% y/y to USD1.43 billion
    Texas Instruments (TI) has reported a 9% year-on-year (y/y) decline in net income to USD1.43 billion for the third quarter ended 30 September 2019, the company announced in a press release on 22 October. The American semiconductor company reported an 11% y/y drop in revenue to USD3.7 billion. Lower ...
    CEAT’s Q2 net profit down 30.3% y/y to USD6.2 million
    Indian tire-maker CEAT has reported a 30.3% year-on-year (y/y) decline in net profit to INR439.8 million (USD6.2 million) for the second quarter ended 30 September 2019, according to a regulatory filing by the company on 22 October. Revenue from operations for the period stood at INR16.9 billion, do...
    PPG’s Q3 net income drops 2.9% y/y to USD367 million
    PPG has reported a 2.9% year-on-year (y/y) fall in net income to USD367 million for the third quarter ending 30 September, according to a company press release on 17 October. The company’s income before taxes grew 6.6% y/y to USD481 million, while net sales for the period remained almost...
    Gentex reports 3.8% y/y increase in net sales in Q3
    Gentex has reported a 3.8% year-on-year (y/y) increase in net sales to USD477.8 million in the third quarter ending 30 September, the US-based automotive supplier said on 18 October. The company recorded higher net sales despite a 3% y/y drop in global light vehicle production during the third ...
    Faurecia’s Q3 2019 sales up 4.3% y/y to EUR4.1 billion
    Faurecia has reported a 4.3% year-on-year (y/y) growth in sales to EUR4.2 billion (USD4.6 billion) for the third quarter ended 30 September 2019, the French supplier said in a press release on 17 October. The company’s Seating segment posted a sales decline of 9.9% y/y to EUR1.6 billion. Sales ...
    TomTom’s Q3 revenue falls 7% to USD179.6 million
    TomTom reported a 7% year-on-year (YoY) drop in its revenue which came in at EUR164.2 million (USD179.6 million) for the quarter ended 30 September, the company said in a press release on 16 October. Its earnings before interest, taxes, depreciation and amortization (EBITDA) slumped 64% to EUR15.9 m...
    Rheinmetall Automotive posts 3.4% y/y dip in sales in H1 on weak global demand
    Germany-based components manufacturing firm Rheinmetall Automotive posted a drop in sales during the first half of 2019. In a press release dated October 8th, the company reported a decline of 3.4%, or EUR50 million (approximately USD55 million), in sales figures to EUR1.441 billion in this period. ...
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