Autoneum has posted 2020 Team profits down 24.two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} year-on-year to CHF1. 74bn (US$2bn).
“Autoneum’s profits in community currencies reduced by 18.seven{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} in 2020, pretty significantly in line with the detrimental market place dynamics,” observed a assertion from the provider.
“The rather much better drop of profits compared to the market place final results from a decreased share of Asia in Autoneum’s whole profits. Impacted by the appreciation of the Swiss franc against the most critical currencies for Autoneum, consolidated profits dropped in 2020 by 24.two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to CHF1.74bn.
“The heterogeneous development of the initially and second fifty percent of the year was characteristic for the pandemic-driven automotive year 2020. Globally lockdowns and output stoppages at motor vehicle suppliers led to a market place slump in the initially six months and a corresponding loss in profits for Autoneum.
“Many thanks to the subsequent market place recovery and catch-up consequences in the second fifty percent of the year, profits enhanced substantially compared to the initially fifty percent of the year.”
At the Yearly Standard Conference on twenty five March, 2021, the board will propose Liane Hirner and Oliver Streuli for election to the board of directors of Autoneum Holding.
Peter Spuhler will not stand for re-election.
Show the press launch
https://www.autoneum.com/2021/01/21/2020-profits-development-variations-board-of-directors/
Unique resource: https://www.autoneum.com/2021/01/21/2020-profits-development-variations-board-of-directors/
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