---
title: Current assessment of the 2020 financial year
date: 2020-11-26T06:56:24+01:00
author: Markus von Allmen
canonical_url: "https://autoneum.com/news/current-assessment-of-the-2020-financial-year"
section: News (Detail)
---
Based on this development of revenue, the extensive cost reduction measures taken in response to the COVID-19 crisis and the on-schedule progress of the turnaround in North America, an EBIT margin of 4-5% is expected for the second half of the year and a slightly positive EBIT margin for 2020 as a whole. Supported by the strict management of working capital and investments, the free cash flow is likely to be in the higher double-digit million range, which should enable a slight reduction in debt.

The outlook for 2021 and especially the first half-year remains uncertain and depends strongly on how the pandemic will develop. According to forecasts, global vehicle production in 2021 will still not reach the level of 2019.

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     [  Media Release: Current assessment of the 2020 financial year (PDF) ](https://autoneum.com/content/content-images/Documents/201126_Media-Release_Assessment-business-year-2020.pdf)
 
 

 

 

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