Sales in Business Groups
Apart from Business Group (BG) North America, all Business Groups clearly exceeded the market in the corresponding region and recorded substantial revenue growth in 2018. BG Europe’s revenue climbed by 11.1% to CHF985 million thanks to high-volume customer orders. In North America, lower production volumes from automobile manufacturers led to an associated reduction in call-offs at Autoneum and a decline in revenue at BG North America of 3.4%, adjusted for currency effects. BG Asia’s sales increased by 7.6% despite the decline in automobile production in China. With organic growth of 24.4%, BG SAMEA continued its growth course. Higher production quantities, especially in Brazil, as well as the continued high-volume export business in Turkey and South Africa were the main reasons for this above-average increase rate.