Autoneum expects a rise in profits for 2014

摘要

Winterthur, Switzerland - Swiss auto parts maker Autoneum announced a 1.9% increase in net sales in local currencies for 2014 and said the company was expecting a significant rise in net profit over the year. The sales lost after the disposal of its Italian subsidiary and the devaluation of currencies had hit the final figures. Net sales in Swiss francs decreased from CHF2,053.3m (?1.9bn) to CHFl,954.7m, said the press release. However, it added that capacity adjustments finalised in 2014 and the improved utilisation of European plants saw its operating margin over the past six months reach that of Q1 and Q2 combined.