Autoneum says its revenue development in 2021 was impacted by semiconductor shortage
WINTERTHUR, Switzerland, January 21, 2022-
Business of the automobile industry and its suppliers was impacted in 2021 by the worldwide shortage of semiconductors and the correspondingly restrained development of production volumes, which was about the same as the previous year. Autoneum’s revenue in local currencies declined slightly by 1.6% compared with the previous year. In Swiss francs, Group revenue decreased by 2.3% to CHF 1 700.4 million year-on-year. For 2021 as a whole, an EBIT margin of a little more than 3% and a free cash flow of around CHF 70 million are expected.
Revenue development in the Europe, Asia and SAMEA regions well above market
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