Tag: Financial Results

British engine manufacturing dips in March but Q1 output still up 5%

26 April 2018 #SMMT News #UK Manufacturing UK engine production dips -3.7% in March as demand from UK car plants falls for second month. Exports provide counterweight to domestic market challenges, up 4.8% in the month and 12.1% YTD. Q1 demand remains 5.0% above 2017 levels, with more than 780,000 engines made in Britain so… Continue reading British engine manufacturing dips in March but Q1 output still up 5%

Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

SOUTHFIELD, Mich., April 26, 2018 /PRNewswire/ — Lear Corporation (NYSE: LEA), a leading global supplier of automotive seating and electrical systems, today reported record results for the first quarter 2018.  Highlights include: Record sales of $5.7 billion, up 15% from a year ago Record net income of $353.7 million and record adjusted net income of $344.5… Continue reading Lear Reports Record First Quarter 2018 Results and Increases Full Year Financial Outlook

Seat shoots its profit up to 51.4% until March due to the positive effect on the sales ‘mix’

Posted 04/26/2018 11: 35: 53CET WOLFSBURG (GERMANY), Apr. 26 (EUROPA PRESS) – Seat achieved an operating profit of 85 million euros in the first quarter of the year, which represents a “strong” increase of 51.4% compared to the 56 million posted in the same period of the previous year. The company, owned by the German… Continue reading Seat shoots its profit up to 51.4% until March due to the positive effect on the sales ‘mix’

(2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(ATTN: ADDS analyst comment and stock price in paras 5-8) By Choi Kyong-ae SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. In an earnings shock, net profit for the… Continue reading (2nd LD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand

(ATTN: ADDS details in paras 3-4) SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent on the strong won and sluggish demand in China. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9… Continue reading (LEAD) Hyundai Mobis Q1 net falls 39 pct on strong won, weak demand

Hyundai Mobis Q1 net falls 39 pct on weak demand

SEOUL, April 26 (Yonhap) — Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, said Thursday its first-quarter net profit fell 39 percent as demand from major clients remained weak. Net profit fell to 465.9 billion won (US$431 million) in the January-March quarter from 761.9 billion won a year earlier, the company said… Continue reading Hyundai Mobis Q1 net falls 39 pct on weak demand

Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

News Press Release News Group Wolfsburg, 26 April 2018 Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter The Volkswagen Group is off to a good start for the new fiscal year. Supported by record unit sales in the first quarter, Group sales revenue rose… Continue reading Volkswagen Group off to a good start in 2018: Unit sales and sales revenue up again in the first quarter

March decline for UK car manufacturing as industry repeats call for continued membership of customs union

147,471 cars roll off UK production lines in March, down -13.3% on same month in 2017. Output for home market falls for eighth consecutive month, by -17.7%, with exports also dropping -11.9%. Q1 manufacturing down -6.3% year on year to 440,426 units, with eight in 10 shipped overseas. SMMT restates need to maintain frictionless UK-EU… Continue reading March decline for UK car manufacturing as industry repeats call for continued membership of customs union

(LEAD) Hyundai Q1 net plunges 48 pct on strong won, weak sales

(ATTN: CHANGES headline and lead; ADDS details throughout) SEOUL, April 26 (Yonhap) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. Net profit for the three months ending March 31 fell to 731.6 billion… Continue reading (LEAD) Hyundai Q1 net plunges 48 pct on strong won, weak sales