TRW Automotive Holdings on Friday posted a fourth-quarter 2008 net loss of US$946m or -$9.35 per share, compared to net earnings of $56m or $0.55 per share a year before. Sales fell 27.6% to $2.8bn.


The fourth quarter loss included goodwill and other intangible asset impairment charges of $787m, restructuring and fixed asset impairment charges of $81m and a one-off net tax expense of $4m. 


The previous fourth quarter included $19m of restructuring charges and asset impairments and a one-off tax benefit of $14m.


Full-year 2008 sales grew 2% to a record $15.0bn and the annual net loss was $779m or -$7.71 per share versus 2007 earnings of $90m or $0.88 per share. 


“The automotive industry is in the midst of extraordinary challenges resulting from the sudden and steep decline in global automotive production and economic activity. TRW’s fourth quarter results reflect those challenges,” said president and CEO John Plant. 

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.

Company Profile – free sample

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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are confident the actions we have taken and will continue to take, to align our business with the current industry conditions, will allow us to prevail through these challenging times and prosper when the industry returns to a more stable environment.”


TRW’s 2009 planning assumptions for industry production volumes are approximately 9.3m in North America and 16.5m for Europe, down 27% and 20%, respectively, compared to 2008 levels.


It expects full-year sales on the range of $10.9bn to $11.3bn, with first-quarter sales expected to be approximately $2.4bn.


“We anticipate 2009 will be another challenging year for the automotive industry, especially in our major markets of North America and Europe where customer production volumes are anticipated to be down significantly,” said Plant.