Visteon has unveiled full-year 2015 net income of US$2.284bn, including US$2.286bn net income associated with discontinued operations, while full-year sales were US$3.2bn, an increase of US$659m or 25% compared with 2014.

Adjusted EBITDA was US$282m for the year, an increase of US$105m or 59% compared with 2014.

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In 2015, Visteon secured a US$1.35bn in electronics new business wins, equating to US$4.3bn of lifetime revenue.

Ongoing backlog, defined as cumulative remaining life-of-programme booked sales, was around US$15.2bn as of 31 December, or 4.9 times 2015 sales.

Adjusting for currency and changes in market demand forecasts, Visteon’s backlog increased 8% in 2015.

“We delivered a strong finish to a year of many accomplishments, achieving significant year-over-year profit improvement despite currency challenges,” said Visteon president and CEO, Sachin Lawande.

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“In 2015 Visteon solidified its focus on vehicle cockpit electronics and software by completing the sale of our 70% interest in Halla Visteon Climate Control (HVCC).

“We also achieved the upper range of targeted synergies related to the Johnson Controls electronics acquisition, returned US$500m in capital to shareholders, announced a US$1.75bn special cash distribution to shareholders and an additional US$500m repurchase authorisation.

“We are winning significant new business and have a robust strategy in place to drive further growth through our cockpit electronics and software focus, as well as customer and geographic expansion.”

Visteon also reported fourth quarter sales of US$809m, up $21m from $788m for the same quarter a year earlier.

An additional US$15m of sales were classified as discontinued operations.