Winterthur, Switzerland -- Swiss auto parts maker Autoneum - supplier to Ford, BMW and Honda – achieved net sales of nearly CHF2.1 bn (EUR1.9 bn) during 2015 – up 6.7% on 2014, the firm said.
In local currency terms, Autoneum said the hike in sales was 10.6% in 2015 compared to the full prior year, according to its full year report.
The company 2015 European sales rose by 13.1% in local currencies, North America grew by 8.8% in organic terms “due to production for high-volume models of US-American and Japanese vehicle manufacturers.”
According to a company media release, "Almost all of the 15 best-selling vehicle models in the USA were equipped with Autoneum components.”
There was also “pronounced sales growth in local currencies’ within Asia, where Autoneum saw a 20.6% hike in sales over 2015 compared to 2014.
There was also growth with “Japanese customers in China who were more successful than the average,” Autoneum said.
Conversely, SAMEA (South America, Middle East and Africa) sales were severely depleted by the slump in the key market of Brazil and fell by 5.7% in local currencies, it said.
The firm expects its net profit to be lower than 2014, partly due to a CHF31.5m fine from the German Federal Cartel Office - as previously reported at UTECH-polyurethane.com, as well as tax ratio normalisation, the firm said.
The firm's year-end financial statements and 2015 annual report will be published on March 3, 2016.
XE Currency conversion: 18 January, 2016