Johnson Electric Group sales for the quarter ended 30 June, were US$526m, a decrease of US$22m from the same quarter last year.
Excluding currency effects, sales increased by 3.5%, around US$19m, compared to the same quarter last year.
For the Automotive Products Group, excluding currency effects, APG’s sales for the quarter increased by 6.8% or around US$26m, compared to the same quarter last year.
The sales growth was largely driven by increased demand for products for powertrain cooling, heating, ventilation and air-conditioning, as well as engine air management applications.
This was slightly offset by lower sales of products for seat adjustment applications.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData