Thanks to numerous new ramp-ups and the favorable portfolio of vehicle models supplied, the automotive supplier Autoneum Management AG, Winterthur/Switzerland, grew organically in 2019 by 2.5% in a declining market. Adjusted for currency effects, group revenue amounted to almost CHF 2.3 billion, 0.7% higher compared to the previous year.
The Business Groups (BG) North America (+7.2%), Asia (+8.1%) and SAMEA (South America, Middle East and Africa) (+32.7%) not only outperformed the negative market trend in each case, but also reported higher revenues compared to the previous year. In Europe only, the drop in automobile production caused a decline in revenue of the corresponding BG by -5.6% in local currencies.
North America improved its revenue primarily driven by various production ramp-ups of German and Japanese vehicle manufacturers. Despite considerably fewer vehicles being produced in Asia, the BG increased its revenue thanks to high-volume and new programs of European and Asian automobile manufacturers. BG SAMEA continued its growth course. This was mainly due to high-volume export programs in Turkey and South Africa as well as much higher production volumes compared to the previous year in the key SAMEA market of Brazil.