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Visteon’s FY2019 net income drops by more than half y/y to USD70 million

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Visteon expects its full-year 2020 sales to be in the range of USD3 billion to USD3.1 billion

Visteon has reported 57% year-over-year (y/y) decline in net income to USD70 million in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales declined marginally, by 1.3% y/y, to USD2.98 billion, primarily due to lower vehicle production volumes and the negative impact of currency, customer pricing, and product mix, partially offset by new product launches and product updates.

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