Autoneum has posted 2020 Group income down 24.2% year-on-year to CHF1. 74bn (US$2bn).
“Autoneum’s income in native currencies decreased by 18.7% in 2020, just about in keeping with the damaging market dynamics,” famous an announcement from the provider.
“The considerably stronger decline of income in comparison with the market outcomes from a decrease share of Asia in Autoneum’s complete income. Impacted by the appreciation of the Swiss franc towards an important currencies for Autoneum, consolidated income dropped in 2020 by 24.2% to CHF1.74bn.
“The heterogeneous growth of the primary and second half of the 12 months was attribute for the pandemic-driven automotive 12 months 2020. Worldwide lockdowns and manufacturing stoppages at car producers led to a market stoop within the first six months and a corresponding loss in income for Autoneum.
“Due to the following market restoration and catch-up results within the second half of the 12 months, income improved significantly in comparison with the primary half of the 12 months.”
On the Annual Common Assembly on 25 March, 2021, the board will suggest Liane Hirner and Oliver Streuli for election to the board of administrators of Autoneum Holding.
Peter Spuhler won’t stand for re-election.
Present the press launch
2020 revenue development in line with market / Personnel changes on the Board of Directors
Unique supply: https://www.autoneum.com/2021/01/21/2020-revenue-development-changes-board-of-directors/
