NSG Reports Positive Fiscal Third Quarter for
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
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
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