NSG Pilkington Says North American AGR Market “Positive”

Source: NSG

Source: NSG

NSG, parent company to Pilkington, reported first-quarter fiscal-year 2016 automotive revenue at $669.9 million USD (83.1 billion Yen), compared to $649.8 million USD (80.6 billion Yen) in the same period of the prior fiscal year. North America accounted for $186.2 million USD (23.1 billion Yen) of the automotive business, second only to one other region.

The overall automotive business had an operating profit of $20.9 million (2.6 billion Yen) for the period.

In North America, cumulative revenues and profitability were similar to the previous year.

“OE market volumes strengthened further while AGR markets continued to be positive,” according to the company’s report.

In Europe, light-vehicle sales came in ahead of the previous year, with growth in Western Europe indicating a possible “sustainable market recovery.”

In Japan, original equipment revenues and profitability were similar year over year.

“Light vehicle sales fell following the implementation of revised eco-car tax exemption rules. AGR markets were similar to the previous year,” based on the company’s report.

Reviewing the rest of the world, the company reported “weak market conditions persist in South America.”

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