Winterthur, Switzerland -- Swiss auto parts maker Autoneum – supplier to Ford, BMW and Honda – reported net sales in excess of CHF2bn (US$2.3bn) during 2013, nearly 6% higher than 2012.
However, the company said that in local currencies and adjusting for divestments, the increase was 9.9%. Its EBIT (earning before interest and taxes) was CHF79.2m, up 2.3% on 2012.
Sales in Asia – where more than 16m vehicles were produced, 5.2% more than in 2012 – represented 6% of the company’s total. In local currencies, the annual report said, Autoneum’s net sales rose 26% there.
Vehicle production in the SAMEA (South America, Middle East, Africa and Russia) region reached 9.5m vehicles in 2013, a 0.1% boost to the regions vehicle production rate compared to 2012.
Autoneum’s SAMEA sales revenue (CHF 138.4m) was up 8% on 2012. The company said it achieved 7% of its total sales in the SAMEA region.
The remainder of Autoneum’s sales were divided between Europe (44%) – where vehicle production reached 15.9m vehicles or grew 0.5% on 2012 and North America (43%).
Sales in Europe were flat year-on-year said the company, at CHF 901.6m compared to CHF 901.2 in 2012. The company said its European group grew organically by 5.1% year-on-year when figures were adjusted for local currencies and the sale of Autoneum’s Italian subsidiary in 2013.
In North America, vehicle production reached 16.2m vehicles – almost 5% higher than 2012 but significantly lower than the double digit vehicle production growth between 2011 and 2012.
Autoneum’s North American sales reached CHF 892.4m. In local currencies, it was a 13% increase, said the company.
The company said production of its lightweight polyurethane vehicle component, the Theta-FiberCell-based engine mounted encapsulation, was due to start at a premium European automobile manufacture facility.
Autoneum said it was expecting a more favourable sales environment this year.
Currency conversion: 19 March