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Autoneum sales rise despite challenging environment

21 Mar '13

3 min read

With the consistent implementation of its strategy Autoneum made considerable operational progress and further expanded its position both as market and technological leader in 2012. In the reporting year, Autoneum significantly lifted its net sales, by 13.4% to 1 907.7 million CHF, due to its global presence.

Highlights:
-Increase of net sales by 13.4% to 1 907.7 million CHF.
- EBIT doubles to 75.5 million CHF, putting the EBIT margin at 4.0%.
-Net profit increases by 26.4 million CHF to 28.7 million CHF.
- Earnings per share rise strongly to 2.41 CHF.
- Return on net assets (RONA) exceeds the cost of capital (WACC) for the first time.
-Board of Directors submits a proposal to approve the first-time payment of a dividend of 0.65 CHF per share.
- 2013: Increase of net sales expected to exceed the growth of global automobile production. Continued focus on consistent implementation of the strategy and on a further noticeable improvement of the operating results. Key factors are the adjustment of capacities in Europe due to declining demand as well as investments in the expansion of capacities in the growth markets.

EBIT doubled from 34.9 million CHF to 75.5 million CHF, net profit increased substantially from 2.3 million CHF in the previous year to 28.7 million CHF. All four Business Groups reported a positive EBIT and significantly outstripped the market development in net sales. Autoneum thereby reached important interim objectives in its first full year of independence.

The 2012 automotive year was shaped by dynamic development in North America and the automobile growth markets as well as by enormous challenges in Europe. Seen overall, global light vehicle production grew by 6.1% to 81.5 million vehicles. Autoneum considerably raised its net sales in the reporting year by 13.4% to 1 907.7 million CHF (previous year 1 682.4 million CHF).

Autoneum increased its net sales in local currencies in all regions, thereby outstripping the market development significantly in some cases. This above market growth was primarily boosted by Autoneum's global presence in the automobile markets, its broad customer portfolio with attractive vehicle models, and its position as a technological leader. These factors all represent a distinct competitive advantage.

About Autoneum
Autoneum, with headquarters in Winterthur, Switzerland, is the globally leading producer of vehicle acoustics and thermal management systems. The company develops and manufactures components, modules and complete systems for interior and engine bay as well as heat shields and underbody shields. Customers include leading automobile producers in the key markets of Europe, North America, South America and Asia. Autoneum is represented at about 50 locations in over 20 countries and employs some 9'800 people worldwide, of who about 6% are in Switzerland.

Autoneum