Pilkington Reports Better Q2 Results than Last Year

Glass globe with dollar signs on background with money symbol.NSG, parent company to Pilkington, reported second-quarter fiscal-year 2016 revenue for automotive glass was “slightly better than the previous year, due partly to the impact of a weaker Japanese Yen.” In North America, the company report automotive glass replacement revenues dropped.

NSG posted cumulative second quarter revenue for automotive glass of $1.3 billion USD (162.4 million Yen), compared to $1.3 billion USD (155.7 million Yen) in the same period of the prior fiscal year.

“In North America, representing 28 percent of the group’s automotive sales, cumulative revenues were slightly below the previous year. OE market volumes strengthened further. The group’s automotive glass replacement (AGR) revenues fell, however,” according to the company’s report.

Europe

European light-vehicle sales were ahead of the previous year, with growth in Western Europe indicating a sustainable market recovery.

“The group also benefited from strong volumes in its AGR business,” according to the report.

Japan

In Japan, OE revenues and profitability were ahead of the previous year, despite light-vehicle sales falling after the implementation of revised eco-car tax exemption rules.

“AGR performance was similar to the previous year,” based on the report.

South America

The company noted that weak market conditions continued in South America for automotive glass.

This article is from glassBYTEs™, the free e-newsletter that covers the latest auto glass industry news. Click HERE to sign up—there is no charge. Interested in a deeper dive? Free subscriptions to Auto Glass Repair and Replacement (AGRR) magazine in print or digital format are available. Subscribe at no charge HERE.

This entry was posted in glassBYTEs Original Story and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *