Cooper Standard reports 2.1% y/y increase in sales to USD669 million in Q1 2021

Financial results

Net loss narrowed by 69.4% y/y to USD33.9 million

Cooper Standard’s net sales increased 2.1% year on year (y/y) to USD669.0 million in the first quarter (ended 31 March 2021), the US-based automotive supplier said in a press release on 6 May. The company reported a lower net loss of USD33.9 million, compared with a net loss of USD110.6 million in the first quarter of 2020.

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