82 / 130
3 Change in scope of consolidation and significant transactions
In 2015, the companies Autoneum Mexico Operations, S. de R.L. de C.V., San Luis Potosí and
Autoneum Mexico Servicios, S. de R.L. de C.V., San Luis Potosí were established.
On July 23, 2014, Autoneum sold its subsidiary Porfima Due S.r.l., Torino (Italy), to the Italian
automotive supplier STS acoustics S.p.A., Torino (Italy). The transaction resulted in a gain of
CHF 1.8 million and a net cash outflow of CHF 8.0 million. Part of the purchase price was deferred.
In 2015, the amount of CHF 0.5 million was paid as deferred purchase price.
In 2014, the company Autoneum Korea Ltd., Seoul, was established.
4 Segment information
Segment information is based on Autoneum Group’s internal organization and management structure
as well as on the internal financial reporting to the Group Executive Board and to the Board of Directors.
Chief operating decision maker is the CEO.
Autoneum is the globally leading automobile supplier in acoustic and thermal management for
vehicles. Autoneum develops and produces multifunctional and lightweight components and systems for
noise and heat protection and thereby enhances vehicle comfort.
The reporting is based on the following four reportable segments (Business Groups): BG Europe,
BG North America, BG Asia and BG SAMEA (South America, Middle East and Africa). Corporate
includes Autoneum Holding Ltd and the corporate center with its respective legal entities, an ope-
ration that produces parts for Autoneum’s manufacturing lines, investments in associates and
intersegment eliminations. Transactions between the Business Groups are made on the same basis
as with independent third parties.
EBITDA and EBIT in Corporate include expenses in relation to the settlement with the German
Federal Cartel Office in the amount of CHF 31.5 million in 2015 (refer to note 29, page 98).
78
Autoneum
Financial Report 2015
Consolidated financial statements