Milwaukee, Wisconsin — Johnson Controls Inc reported a 4% rise in sales during the second quarter of 2014 compared to Q2 2013.
Total sales reached $10.5bn (EUR7.4bn) compared to $10.1bn in the same quarter last year.
The company’s profit rose 36% to $629m compared to $461m in Q2 2013, according to the quarterly report released last week. The company said the “significantly improved profitability in Europe [was] attributable to higher volumes.”
The automotive experience segment income was $241m, 226% higher than the $74m in Q2 2013. Sales were up 11% in the segment, from $5.1bn in Q2 2013 to $5.6bn for Q2 this year.
In Europe, the company said there had been a $99m improvement in earnings, which it said, was down to higher volumes in the area.
Production in Q2 was up in all regions, North America and Europe were up 5% on Q2 2013 with China’s production up 9% on the same period, said the company.
The company said there were “strong markets in China across all businesses” with North America “remain[ing] strong” and Europe “continuing to improve.”
In Johnson Controls’ building efficiency segment, sales were down across North America (4%), the Middle East (31%) and Europe (3%) but up 5% in Asia.
The segment’s income rose by 9% to $152m compared to $139m in the same quarter last year.
XE currency conversion: 29 April
