Autoneum: Outlook adjusted for financial year...
Autoneum

Outlook adjusted for financial year 2021

(Source: Autoneum)
(Source: Autoneum)

Due to the significantly reduced market expectations for global light vehicle production, Autoneum lowers its revenue and earnings forecast for the full year 2021. This results from bottlenecks in the supply chain of vehicle manufacturers, in particular the ongoing shortage of semiconductors. 
Although demand from end customers of Autoneum Management AG, Winterthur/Switzerland, continues to be high in all regions, global light vehicle production in the 2nd half (H2) of 2021 is expected to be around 10% lower than in H1/2021 due to bottlenecks in the supply chain of vehicle manufacturers, mainly with regard to semiconductors. 
Due to market developments, sales in H2/2021 are now anticipated to be correspondingly lower than in H1/2021. As a result of the lower sales development in H2, an EBIT margin of 2-3% (previously: 4-5%) is now expected for the full year 2021.  

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