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October 29, 2020

Aptiv posts Q3 net income up 15% to US$283m

Aptiv has recorded third-quarter net income attributable to ordinary shareholders up 15% to US$283m, while revenue rose 3% to US$3.7bn

By Rhodri Morgan

Aptiv has recorded third-quarter net income attributable to ordinary shareholdersup 15% to US$283m, while revenue rose 3% to US$3.7bn.

“Our third quarter results reflect the efforts we have taken to build a more sustainable business, with a portfolio of advanced technologies driving sustained above market growth despite the ongoing challenging environment,” said Aptiv president and CEO, Kevin Clark.

“The actions we have taken to improve our through-cycle resiliency, optimise our cost structure and enhance our operational execution resulted in stronger revenue growth and earnings in the quarter. Never has Aptiv’s mission of enabling a safer, greener and more connected world had more meaning for our society than it does today.

“We are confident our technologies aligned to these key megatrends, flexible business model and strong balance sheet position Aptiv for recovery out-performance and sustainable long-term value creation for all of our stakeholders.”

Year-to-date revenue fell 18% to US$8.9bn.

 

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