Milwaukee, Wisconsin -- Johnson Controls automotive experience revenues were $5.3bn (EUR4.6bn) in Q1 2015, a 3% drop on the figure reported in Q1 2014.
The company said its figures reflected the impact of the strengthening US dollar versus the Euro adding that “excluding the impact of foreign exchange, revenues increased 2%.”
Alex Molinaroli, Johnson Controls chairman ceo, said: “Profitability improved significantly in the quarter as we benefited from higher volumes and our continuing focus on execution improvements.
"The results in the quarter are better than the expectations we provided at our analyst day in December," added Molinaroli.
Automotive industry production in the quarter increased 5% in North America and 6% in China, but dropped 2% in Europe. China revenue increased 15% to reach $2.1bn and, the release said, was primarily related to seating generated through non-consolidated joint ventures.
Automotive Experience segment income was $249m compared to $197m Q1 2014, an increase of 26%, with improvements in both the company's seating and interiors businesses.
Automotive Experience profitability benefited from higher Chinese joint venture income and the higher volumes, the release added.
XE currency conversion: 4 February, 2015