Auto Sector Stands Strong in Pilkington Parent Company’s 2024 Financial Year

Nippon Sheet Glass (NSG) credits its automotive glass sector for the company’s revenue growth in its 2024 financial year. In its annual consolidated financial statement for its financial year ending March 31, 2024, Pilkington Auto Glass’ parent company reported a revenue of over $5 billion USD, 9% more than its 2023 financial year revenue.

According to the statement, NSG’s automotive sector makes 50% of the company’s cumulative revenues, and the revenue increase from 2023 rose “mainly within the automotive business.”

The automotive sector, which includes Pilkington Auto Glass, earned just under $2.6 billion in revenue. The Americas comprised 39% of NSG’s automotive sales. According to the statement, revenues and profits in the region both increased from the 2023 financial year. NSG credits this to a “recovery in vehicle sales” from the 2023 financial year and a “lessening of supply chain constraints.”

Europe and Asia represented 42% and 19% of the sector’s sales, respectively. Revenue grew in Europe from the 2023 financial year. Asia had both higher revenue and profits than the 2023 financial year.

In its statement, NSG said it would work on catering to Advanced Driver Assistance Systems (ADAS) and electric vehicle (EV) technology in the new financial year.

Though each geographical division within NSG’s automotive sector had year-over-year sales growth in the 2024 financial year, it was lower than the year-over-year growth in the 2023 financial year. See the chart below, provided by the research division of glassBYTEs’ parent company, Key Media & Research, for more.

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