Auto materials specialist Autoneum reports 6.8% YOY jump in local currency sales for 2016




WINTERTHUR, Switzerland, January 17, 2017-

Autoneum increased its net sales in local currencies by 6.8% in 2016 despite a strong previous year and cyclically weak regional demand. Net sales in Swiss francs rose by 3.2% to CHF 2‘152.6 million. Continuous efficiency enhancements in production, virtually maximum capacity utilization in Europe and low raw material prices had a positive impact on the operating result in 2016.

Following the weak growth of the previous year, the automobile industry picked up again in 2016. With 93.0 million light vehicles produced worldwide and growth of 4.8%, an upward trend was recorded, albeit with an intensity that varied strongly from region to region. While in Europe, North America and Asia more vehicles were produced than in the previous year, automobile manufacturers and suppliers in South America remained affected by the prevailing economic crisis that led to falling production volumes in this region. However, thanks to a good order situation and corresponding utilization of production capacities, Autoneum was able to offset regional weaknesses in demand and thus increase its net sales in local currencies by 6.8% year on year in 2016. Net sales in Swiss francs rose by 3.2% from CHF 2085.9 million to CHF 2152.6 million.


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