NSG Reports Positive Fiscal Third Quarter for Pilkington Automotive
February 7, 2011

Pilkington parent company NSG Group has released its fiscal third-quarter results, and company officials say cumulative revenues and profits "were significantly ahead of the previous year" for the automotive business.

The automotive business recorded sales of $2.4 billion (198,293 million Japanese Yen) and an operating profit of $175 million (14,468 million Japanese Yen).

In North America, representing 21 percent of the NSG's automotive sales, OE revenues were significantly above the previous year, again due to increased volumes, according to NSG.

"Profits also benefited from the continued realization of additional cost savings," adds the company. The North American auto glass replacement business also was up slightly from the previous year, though specific numbers were not provided.

In the European original-equipment (OE) sector, which comprises 46 percent of the company's automotive sales, "local currency revenues increased strongly from last year's levels, due to robust volumes, with a consequent improvement in profits," according to a company statement. NSG officials say in Europe, its third-quarter automotive replacement results were similar to 2010.

In Japan, representing 18 percent of the company's automotive sales, revenues were ahead of last year, "due to improved levels of demand, despite the reduced demand in the third quarter," writes NSG.

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