Visteon has posted a US$295m net loss, including a US$343m loss on discontinued operations.

Full-year sales were US$7.51bn, an increase of $1.14bn or 18% compared with 2013.

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Visteon secured what it says was a record US$1.3bn in electronics new business wins. Combined electronics and climate new business wins totalled US$1.8bn in annual revenue.

The supplier projects the electronics order book and restructuring savings associated with the consolidation of the Johnson Controls electronics operations will generate a projected 40% growth in EBITDA by 2018, with new major platform awards supporting what it maintains will be “more robust growth” through the end of the decade.

“We delivered a strong finish to an excellent year highlighted by several key achievements, including announcing the sale of our Halla Visteon Climate Control business, acquiring the electronics business of Johnson Controls and completing the majority of our divestiture of the non-core interiors business,” said Visteon president and CEO, Timothy Leuliette.

“With our singular focus on the vehicle cockpit electronics ecosystem, technology and a balanced footprint across Asia, Europe and the Americas, Visteon is winning significant new business and is well-positioned to continue delivering value for our customers and shareholders.”

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For the fourth quarter, Visteon reported a net loss attributable to Visteon of US$138m, while adjusted net income, which excludes the loss on the interiors transaction, restructuring and other transaction costs, was US$74m for the quarter.