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July 23, 2015

SWITZERLAND: Autoneum posts H1 EBIT up to US$70m

Autoneum has posted EBIT figures up from CHF66.8m (US$70m) to CHF77.6m in the first six months of 2015.

Autoneum has posted EBIT figures up from CHF66.8m (US$70m) to CHF77.6m in the first six months of 2015.

EBIT margin improved by 0.8 percentage points and hit a new high of 7.7%.

Taking into account the non-recurring expenses from the settlement with the German Federal Cartel Office, EBIT margin came to 4.5%.

Autoneum says it benefited from demand for its acoustic and thermal management products in the first half of 2015 and despite a stagnating market environment, launches of large-volume car models in Europe and North America.

Growth with international and Chinese OEMs in Asia led to increases in sales and earnings.

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