Plastic Omnium has posted automotive revenue up 7.2% to EUR4.7bn (US$6.4bn), with a stronger industrial footprint in high-growth countries contributing to the increase, according to the manufacturer.
Operations in Europe grew by 9% at constant exchange rates, benefiting in particular from the launch of offers in terms of weight and emissions reductions – for example tailgates and SCR emission control system for diesel vehicles – while the 11% increase in activity in North and South America was driven by investments made for Ford in the US, Volkswagen in Mexico and Toyota in Brazil.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The commissioning of five new plants in China, bringing the number of Chinese industrial facilities to 19, contributed to the 10% growth in revenue in Asia.
The Automotive Division launched 107 new programmes and took measures to lower recurring expenses in France and Europe, notably including the closure of two plants in August, 2013, one in Belgium and the other in Germany.
Together, these measures resulted in improvement in operating income, which amounted to EUR370m – 7.9% of revenue – compared with EUR316m in 2012 – 7.3% of revenue.
Revenue amounted to EUR5.1bn, an increase of 6.6% compared with 2012.
