Winterthur, Switzerland – Preliminary sales numbers from Autoneum show that the company's revenue grew by 0.7% in 2019. The company supplies seating and interior components to the global automotive industry which shrank by 5.7%.
The company said it achieved organic growth of 2.5%. However, once revenue had been consolidated into Swiss francs, figures for the whole business translated into CHF 2.297bn ($2.4 bn). In 2018, the company's consolidated revenue was CHF 2.282bn.
There was revenue growth in North America, from CHF 922m in 2018 to CHF 1.01bn in 2019. The figures in the South America, Middle East and Africa region also rose, from CHF 111.5m in 2018 to CHF 125.8m in 2019. American revenue grew as German and Japanese car makers started producing more of their newer models there. High volume export programmes in Turkey and South Africa helped the company, as did higher production volumes in Brazil.
In Asia, sales increased because of high volumes and new products from European and Asian car makers. They reached CHF 276m in 2019, up from CHF 260m in 2018.
The European market was much tougher. Here, falling car production reduced revenue by 5.6% to CHF 900m in 2019. In 2018 the region recorded sales of CHF 985m.
The company's full results are expected in early March.
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