Visteon said 2013 full year net income rose to US$690m, up $590m versus 2012.

Both Q4 and full-year results included gains of $465m from the sale of the 50% share of Yanfeng Visteon Automotive Trim Systems, partially offset by $51m of related taxes.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Full-year sales were up $582m (8%) to $7.44bn. Full-year adjusted EBITDA, rose 12% to $704m. 

“We delivered a strong finish to a very good year highlighted by several achievements, including integrating our global climate business and selling our Yanfeng Visteon interiors joint venture, while consolidating Yanfeng’s electronics operations into our global electronics business,” said president ande CEO Timothy Leuliette.

Q4 sales rose $135m to $1.96bn.

Adjusted EBITDA fell to $187m from $202m in the same period a year earlier. Net income was $513m.

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.

For 2014, Visteon projects 2014 sales with a mid-point of $7.8bn and adjusted EBITDA with a mid-point of $680m.