 
NSG Reports Drop in Automotive Revenues for
Third-Quarter
February 1, 2013
by Penny Stacey, pstacey@glass.com
The NSG Group, parent company to Pilkington, has reported automotive
revenues at $1.9 billion, compared with $2.0 billion for the same
period last year. Additionally, the company saw a 9 percent drop
in its cumulative group revenues for the third-quarter of fiscal
year 2013.
The company's revenues dropped from $4.5 billion (U.S. dollars)
(420.8 billion Yen) in the third-quarter of 2012 to $4.2 billion
for the same period in 2013. NSG attributes the results to low levels
of activity in the company's major markets and challenging market
conditions.
NSG reports an operating profit of $50.8 million for the quarter,
compared with $129.7 million for the same period of last year.
On a positive note, NSG notes that the North American automotive
markets are continuing to improve, while the company's major European
markets "remain challenging."
This story is an original story by AGRR™ magazine/glassBYTEs.com™. Subscribe to AGRR™ Magazine.
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