Valmet Automotive FY 2019 sales declines 2% y/y to USD730 million
The company expects short-time impact of COVID-19 pandemic on its operations but sees good prospects in the long term
Valmet Automotive’s sales declined 2% y/y to EUR651.5 million (USD730 million) in the financial year ended 31 December 2019, the company said in a press release on 31 March. Despite marginal decline in sales, the company recorded 39% y/y increase in group EBITDA to EUR78.8 million and 1.7% y/y improvement in group operating profit to EUR18.1 million.
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