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Autoneum Annual Report 2015
Letter to shareholders
Hans-Peter Schwald –
Chairman of the Board
Martin Hirzel –
Chief Executive Officer
sponding utilization of production capacities.
Despite the strength of the Swiss franc, net sales
in the company currency rose by 6.7% from
CHF 1 954.7 million to CHF 2 085.9 million.
Except Business Group SAMEA (South America,
Middle East and Africa), all business groups
contributed to this rise in sales.
Profitability further increased
Autoneum’s ongoing rise in profitability also
continued through 2015. EBITDA increased
by CHF 21.5 million to CHF 223.0 million before
non-recurring expenses in relation to the
payment of CHF 31.5 million to the German
Federal Cartel Office. Accordingly, the EBITDA
7.6%
The EBIT margin before non-recurring expenses
improved from 6.9% to 7.6%.
margin of 10.7% surpassed the previous year’s
already high level. EBITDA after non-recurring
expenses totaled CHF 191.5 million (2014:
CHF 201.6 million). EBIT before non-recurring
expenses improved by CHF 22.8 million to
CHF 158.0 million. The EBIT margin of 7.6%
surpassed the previous year’s margin by