Aptiv Q3 net income rises 10.8% y/y to USD246 million
Company revises full-year financial guidance for 2019
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, net sales were up 6% y/y, reflecting growth of 14% y/y in Europe, 5% y/y in Asia and 2% in South America. In North America, Aptiv revenue remained unchanged at the third quarter 2018 level. In the third quarter, the company reported sales loss of USD70 million due to the UAW union strike at GM plants across the United States.