Autoneum has successfully reported a 4.2% revenue growth in 2024, driven by strategic acquisitions and expansions, thereby proposing a dividend of CHF 2.80 per share.

Target Information

In the fiscal year 2024, Autoneum, a leader in acoustic and thermal management solutions for the automotive industry, managed to achieve a remarkable growth in revenue by 4.2%, totaling CHF 2,338.7 million, despite challenges presented by a declining market environment. This growth was supported by the acquisition of Borgers Automotive, which contributed significantly to overall revenue figures. The company also increased its earnings before interest and taxes (EBIT) by CHF 25.7 million, resulting in a total EBIT of CHF 125 million and an EBIT margin of 5.3%. Furthermore, Autoneum's net result showed improvement, reaching CHF 70 million, thus allowing the Board of Directors to propose a dividend of CHF 2.80 per share.

Autoneum operates in several key markets, namely Europe, North America, and Asia, where it has strengthened its presence recently. The company launched its Level Up strategic program, focusing on enhancing efficiency and profitability. Notable advancements included the opening of new production facilities in strategic locations like Changchun, China, and Pune, India, alongside the acquisition of Jiangsu Huanyu Group, enhancing its position in the growing Asian market.

Industry Overview

The global automotive industry experienced a downturn in 2024, with vehicle production declining by 1.1%. Notably, Europe saw the most significant drop in production rates. In this context, Autoneum's performance stood out as both revenue and profitability impr