Aptiv, the mobility-focused supplier conglomerate formed late last year after Delphi sold off its powertrain operations, reported sales and profit rises for the first quarter of 2018.
Revenue rose 15% year on year to US$3.6bn folloowing growth of 9% in Asia, 8% in Europe, 6% in North America and 19% in South America.
Go deeper with GlobalData
Net income was $307m and earnings per share $1.15 compared with $220m and $0.82 respectively a year ago.
Operating income was $427m, compared to $352m and operating margin was 11.8%, up from 11.2% thanks to sales growth, cost reduction and lower warranty charges.
"We are off to an outstanding start in 2018, with revenue and earnings above first quarter expectations," said president and CEO Kevin Clark.
He noted double-digit growth in the fastest-growing product lines, including active safety, infotainment and vehicle electrification.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAptiv noted it was buying KUM, a provider of specialised connectors and cable management systems for harsh environment automotive applications.
