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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Autoneum Holding AG    AUTN   CH0127480363

AUTONEUM HOLDING AG

(AUTN)
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World Car Awards 2020: Majority of eligible models features Autoneum components

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09/10/2019 | 10:17am EDT

With the announcement of the eligible vehicle models, the World Car Awards 2020 kicked-off today at the IAA Motor Show in Frankfurt, Germany. This year again, the majority of contenders is equipped with lightweight components for acoustic and thermal management from Autoneum. The world's leading automobile industry awards will be presented at the New York Motor Show in the spring of 2020.

A total of 46 new vehicle models have passed the initial screening and are now contenders for trophies in the categories 'World Car of the Year', 'World Luxury Car', 'World Performance Car', 'World Urban Car' and 'World Car Design of the Year', including five new fully-electric models alone. Whether it's a lightweight underbody, a noise-absorbing carpet system or a heat-reducing engine encapsulation - most of the eligible vehicles benefit from Autoneum's innovation leadership in thermal and acoustic management. Autoneum's expertise extends to new forms of mobility such as electric vehicles: Also thanks to numerous Autoneum components, Jaguar's fully-electric SUV 'I-PACE' impressed the jurors for the World Car Awards 2019, which was the first model ever to be named 'World Car of the Year', 'World Car Design of the Year' and 'World Green Car' at the same time.

On the occasion of today's eligibility announcement, Autoneum CEO Martin Hirzel said: 'Once again, the contenders are testimony to our innovation leadership. The World Car Awards also confirm our forward-looking approach: Nominated e-models feature Autoneum components as well. Welcoming our industry's transformation early on, we today supply environmentally sustainable, lightweight components for most electric models available worldwide.'

Gerry Malloy, President of the World Car Awards Association, added: 'As a market leader, Autoneum is the ideal partner for us. Our shared commitment to innovation was a decisive factor in forming a partnership back in 2014. Nowadays, this is a crucial aspect for manufacturers and suppliers who wish to remain successful in times of industrial and technological change.'

The World Car Awards, which have been presented annually since 2004, are the world's leading and most widely recognized automotive industry awards. A jury comprising of more than 80 international automotive journalists selects winners in five categories. The winners of the 2020 World Car Awards will be announced in April next year at the New York Motor Show.

Disclaimer

Autoneum Holding AG published this content on 10 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 September 2019 14:16:01 UTC

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Financials (CHF)
Sales 2019 2 277 M
EBIT 2019 46,4 M
Net income 2019 -7,95 M
Debt 2019 604 M
Yield 2019 0,37%
P/E ratio 2019 -62,4x
P/E ratio 2020 11,4x
EV / Sales2019 0,48x
EV / Sales2020 0,48x
Capitalization 499 M
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Number of Analysts 5
Average target price 128,25  CHF
Last Close Price 107,30  CHF
Spread / Highest target 58,4%
Spread / Average Target 19,5%
Spread / Lowest Target -2,14%
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Managers
NameTitle
Martin Hirzel Chief Executive Officer
Hans-Peter Schwald Non-Executive Chairman
Martin Zwyssig Chief Financial Officer
Rainer E. Schmückle Vice Chairman
Michael Pieper Non-Executive Director
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