Pilkington Reports Better Q2 Results than Last Year

Glass globe with dollar signs on background with money symbol.NSG, parent company to Pilkington, reported second-quarter fiscal-year 2016 revenue for automotive glass was “slightly better than the previous year, due partly to the impact of a weaker Japanese Yen.” In North America, the company report automotive glass replacement revenues dropped.

NSG posted cumulative second quarter revenue for automotive glass of $1.3 billion USD (162.4 million Yen), compared to $1.3 billion USD (155.7 million Yen) in the same period of the prior fiscal year.

“In North America, representing 28 percent of the group’s automotive sales, cumulative revenues were slightly below the previous year. OE market volumes strengthened further. The group’s automotive glass replacement (AGR) revenues fell, however,” according to the company’s report.

Europe

European light-vehicle sales were ahead of the previous year, with growth in Western Europe indicating a sustainable market recovery.

“The group also benefited from strong volumes in its AGR business,” according to the report.

Japan

In Japan, OE revenues and profitability were ahead of the previous year, despite light-vehicle sales falling after the implementation of revised eco-car tax exemption rules.

“AGR performance was similar to the previous year,” based on the report.

South America

The company noted that weak market conditions continued in South America for automotive glass.

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