Autoneum achieves majority of 2013 mid-term targets
March 20, 2014 - Switzerland
Due to the consistent implementation of its strategy, Autoneum achieved the majority of its financial mid-term targets in 2013. In a challenging market environment, Autoneum increased sales, in local currencies and adjusted for the sale of the Italian subsidiary, by 9.9%.
In Swiss francs, sales improved by 5.8% to 2 053.3 million CHF (2012: 1 940.9 million CHF). EBIT before one-time expenses increased to 117.4 million CHF, and even after one-time expenses, it exceeded with 79.2 million CHF the results of the previous year (2012: 77.3 million CHF).
All four Business Groups reported positive EBIT before one-time expenses for the reporting year, and their sales exceeded the market trend, in some cases by a considerable margin.
Net profit improved to 36.2 million CHF despite the one-time expenses. In view of this result, which is significantly better than the previous year, the Board of Directors is proposing that the dividend be doubled.