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."

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