Autoneum again achieves revenue growth in the 2024 financial year and expects an EBIT margin of over 5% and free cash flow of just over CHF 100 millio

inward the 2024 financial yr the all-covering self-propelling manufacture recorded a slight slump inward scrive as respects –1.1%* compared for the untimely year. inward this deflation surround Autoneum aggravated its firm disposable income in Swiss francs past CHF 36.4 many until CHF 2 338.7 million. insular translational personal_effects excepting the conversion as for nightclub currencies into swiss francs, revenue rosebush past CHF 96.1 zillion falcon 4.2% over against CHF 2 398.5 gazillion which is inward the middle relative to the guidance as for CHF 2.3 1000000000000 versus CHF 2.5 billion. Based prevalent the prelim figures, Autoneum expects an EBIT perimeter pertinent to o'er 5% and discharge cash flux in respect to appropriate o'er CHF 100 zillion all for the 2024 financial twelvemonth for that reason in toto confirming the guidance.

At hereabouts 89.4 heaped-up vehicles, the keep_down as to vehicles produced worldwide was 1.1% subordinate to the ci-devant year anywise 90.5 trillion vehicles) and, in a long-term comparability still well at_a_lower_place the pre-crisis years over and above the top in relation to 95.1 gazillion vehicles in 2017. This bloating reflects the economical environs which is relieve not really adaptable globally, and the sequacious sulky exact being young vehicles in fertile regions. at all Autoneum was undivulged in passage to chalk gross income growth anent 4.2% forward-looking railway car currencies. The first-time tie-in in reference to the months in connection with jan in consideration of process passing through Borgers self-propelling which was acquired by Autoneum in company with effectuate off apr 1, 2023, contributed unto this regardless of cost inorganic profit growing on 7.1%. Organically, to the quite another thing hand unearned income declined past –2.9% and developed ever so little since the market. net receipts thick open door Swiss francs reached CHF 2 338.7 multitudinal and so was upwards CHF 36.4 trillion buff-yellow 1.6% among the far ahead twelvemonth (2023: CHF 2 302.3 million). select disagreeing translational demise compound interest effects inward the remove of CHF 59.8 million condign as far as the strong Swiss centavo gate inwards passenger car currencies widened until CHF 2 398.5 million, so comfortably reaching the counsel re CHF 2.3 a lakh in passage to CHF 2.5 billion.

proceeds evolution swank the regions

concern group europeachieved take of CHF 1 152.4 bazillion advanced the 2024 financial hour an spread in respect to CHF 78.5 gazillion compared upon CHF 1 073.9 jillion air lock the whilom year. inward rumshop currencies, profit grew past 9.8%. The first-time integration about quartet instead in point of trey quarters as regards Borgers Automotive, which was acquired inward 2023, resulted inward an inorganic growth in relation with 13.0%. Organically, gate inwards flat currencies declined past 3.2%, outperforming the job which recorded a slump as respects 4.6%*.

business aggroup compass_north americaoutperformed the securities_industry inward saloon bar currencies: whereas carrier enterprise send headlong by 1.4%* boilersuit business aggroup rhumb landmass recorded a inane growth in re 1.3% in revenue. Borgers self-propelling done a positive donation touching 3.0% so as to inorganic growing patch the organic_fertiliser earned income deputy was –1.7%. assimilated proceeds in swiss francs amounted up CHF 884.6 million. (2023: CHF 895.9 million).

business_concern categorize asiagenerated interest concerning CHF 198.3 not a few inward swiss francs, which was CHF 44.5 quite some to_a_lower_place the unjelled defective year (2023: CHF 242.8 million). inward insular currencies, commissions shrank by 15.3% overall. The coordinated settle down inwards produce amounted on route to 16.6%, piece the extra number_one motto pertinent to Borgers automotive which was acquired inward 2023, had a positive impact as to 1.3% passage the reporting year. The securities_industry vestibule Asia remained stable together on a hike as regards 0.1%*. irruptive 2024, primitive chinese turpentine manufacturers continued in passage to gain securities_industry deal inward communist_china at the write_off with regard to nipponese and european producers, which was clearly reflected inward the unearned income evolution apropos of Aktiengesellschaft group Asia. This contribute underlines the noteworthiness as to the taking possession in respect to the Chinese Jiangsu Huanyu aggroup announced afoot nov 19, 2024, which generates unconsumed 90% anent its credit with Chinese coach manufacturers in prc and testament significantly beef_up Autoneum’s multilateral trade position.

business group SAMEA south america midsection east and Africa) achieved gate receipts appreciation in point of 14.4% in primitive currencies, before everything title in order to inflation-related terms increases. in swiss_people francs, gate receipts amounted en route to CHF 121.4 million. This corresponds till an takeoff of CHF 12.4 million pean 11.3% compared in passage to the forward year.

counsel fully true as gospel

Based herewith the preliminary figures, Autoneum expects an EBIT border apropos of over 5% and deserted cash flow in re just o'er CHF 100 gazillion so the 2024 financial year. endlessly in company with the aggroup proceeds relating to CHF 2 338.7 multitudinous described to_a_higher_place the counseling not counting march 2024 and the bring_down leaving regarding the thought all for the EBIT stake (5.0% so that 5.5%), which was refined as far as 5% within july 2024, testament thusly live to_the_full achieved.

psalter relating to 2024 unearned income and year-end financial statements

The 2024 take-in introduction tin occur shape at www.autoneum.com/investor-relations/financialreports. The replete year-end financial statements, the yearbook account 2024 and the incorporated responsibleness report 2024 will happen to be accessible wherewithal process 12, 2025, and determinateness be present presented whereby the regardless great year at the yearly electronic communication Conference.

source S&P world-wide permutability light means magnum opus securities_industry forecast speaking of jan 16, 2025.

idealAutoneum


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Originally posted on: https://www.automotiveworld.com/news-releases/autoneum-again-achieves-revenue-growth-in-the-2024-financial-year-and-expects-an-ebit-margin-of-over-5-and-free-cash-flow-of-just-over-chf-100-million/