Autoneum announced earnings results for the first half of 2016. For the period, the company increased sales and profitability in a subdued market environment and in doing so confirmed its global market leadership in acoustic and thermal management. With a rise in sales of 10.3% in local currencies, the company significantly exceeded the 2.4% growth of global automobile production in the first six months of 2016. EBIT before special effects increased to CHF 89.9 million (CHF 123.1 million including special effects). Net profit grew from CHF 48.5 million in the first six months of 2015 to CHF 60.6 million before special effects, and to CHF 81.4 million including special effects. EBITDA before special effects grew to CHF 123.8 million in the first half of 2016 (prior-year period: CHF 108.0 million), which is equivalent to an EBITDA margin of 11.3%. EBITDA was CHF 157.0 million against CHF 76.4 million a year ago. EBIT was CHF 123.1 million against CHF 46.1 million a year ago. Net profit was CHF 81.4 million against CHF 17.0 million a year ago. Return on net assets was 23.3% against 12.6% a year ago. Return on net assets adjusted was 20.5% against 17.8% a year ago. Cash flows from operating activities was CHF 74.7 million against CHF 18.0 million a year ago. Net debt at June 30, 2016 was CHF 89.1 million against CHF 132.3 million a year ago. Basic earnings per share were CHF 12.20 against CHF 0.68 a year ago.

The company provided earnings guidance for the second half year and full year 2016. For the period, the company assuming sales growth remains above the market level in the second half of the year. Based on unchanged market conditions in the second half of 2016, an EBIT margin above 8% should also be recorded for the year as a whole.

The company expects net sales of up to CHF 2,200 million for the full year 2016.