Apart from Business Group North America, all Business Groups exceeded the market in the corresponding region and recorded substantial revenue growth in 2018. Business Group Europe’s revenue climbed by 7.7% in local currencies thanks to high-volume customer orders.
In North America, lower production volumes from automobile manufacturers led to an associated reduction in call-offs at Autoneum and a decline in revenue at Business Group North America of –3.4%, adjusted for currency effects.
Business Group Asia’s revenue increased by 6.6% despite the decline in automobile production in China. With organic growth of 24.4%, Business Group SAMEA continued its growth course. Higher production quantities, especially in Brazil, as well as the continued high-volume export business in Turkey and South Africa were the main reasons for this above-average increase rate.
For the first time since the economic crisis in 2009, global automobile production declined compared to the prior year: With just under 95 million light vehicles produced, the market shrank by 1% compared to 2017. In this market environment, Autoneum increased its revenue adjusted for currency and divestment effects by 3.7% thanks to a favourable model mix. Revenue consolidated in Swiss francs rose by 3.4% from CHF 2 205.4 million to CHF 2 281.5 million in 2018.
Thanks to a favourable model mix, Autoneum, a leading specialist in acoustic and thermal management for vehicles, has significantly increased its revenue in a declining market in 2018. Although fewer vehicles were manufactured worldwide than in the prior year, Group revenue adjusted for currency and divestment effects increased by 3.7%. In Swiss francs, it rose by 3.4% to CHF 2 281.5 million.
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