US: BorgWarner sees 10-12% revenue growth for 2012

摘要

First paragraph of articleBorgWarner has outlined financial guidance for 2012, forecasting further double-digit revenue growth and a 20%+ rise in earnings. Reported revenue growth in 2012, versus the 2011 forecast level, is expected to be 10-12%, a range that would be 14-16% excluding the impact of foreign currency changes. Although this projected growth rate is significantly below that forecast for 2011 (26-27%), the latest year's growth was inflated by the acquisition of the Traction Systems division of Haldex.