Cooper Standard Q2 2020 sales fall 55.5% y/y to USD340.47 million

Financial results

Decline in sales attributable to customers idling operations in response to the COVID-19 pandemic and unfavorable volume and mix, primarily in North America and Europe

Cooper-Standard’s net sales declined 55.5% year on year (y/y) to USD340.5 million in the second quarter ended 30 June 2020, the US-based automotive supplier said in a press release on 4 August.

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