TRW Automotive Holdings booked a third quarter net earnings of US $ 199 m, or $ 1.54 per share, from $ 56 million ($ 0.50) a year ago, on sales by 10% to $ 3. .4bn.
"The TRW performance continues to be led by strong revenue growth in combination with a low cost structure," said President and CEO John Plant. "The excellent business results achieved through the first nine months of this year, combined with our industry-leading technology portfolio, the general industry recovery and our successful growth in the emerging markets, gives us confidence as we look to the future. "
TRW said the sales soar as a result of the volume of production of the better global vehicle was partially offset by negative currency movements.
Third quarter operating income was $ 268 million compared to $ 141 million in the period 2009.
For the nine months up to 1 October, TRW posted sales by 30% up to $ 10 billion, operating income of $ 891 million ($ 60 m) and net profit of $ 630 million compared to a net loss of $ 86 million last year.
TRW expects full year production of 11.8 million units in North America and 18.0 m units in Europe and the sales of about $ 14 1.1.
"Although vehicle production schedules have cared for in the second half of 2010 in comparison with the first half of the year and earlier expectations, the General recovery in the automotive industry will help support a strong year for TRW," plant added.
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