#Nonwovens / Technical Textiles

2025-01-30

Autoneum again achieves revenue growth in the 2024 financial year

In the 2024 financial year, the global automotive industry recorded a slight decline in production of –1.1%* compared to the previous year. In this weakening environment, Autoneum increased its consolidated revenue in Swiss francs by CHF 36.4 million to CHF 2 338.7 million. Excluding translational effects from the conversion of local currencies into Swiss francs, revenue rose by CHF 96.1 million or 4.2% to CHF 2 398.5 million, which is in the middle of the guidance of CHF 2.3 billion to CHF 2.5 billion.

Based on the preliminary figures, Autoneum expects an EBIT margin of over 5% and free cash flow of just over CHF 100 million for the 2024 financial year, thus fully confirming the guidance.

At around 89.4 million vehicles, the number of vehicles produced worldwide was 1.1% below the previous year (around 90.5 million vehicles) and, in a long-term comparison, still well below the pre-crisis years with the peak of 95.1 million vehicles in 2017. This development reflects the economic environment, which is still not very lively globally, and the consequent sluggish demand for new vehicles in many regions. Nevertheless, Autoneum was able to record revenue growth of 4.2% in local currencies. The first-time consolidation of the months of January to March by Borgers Automotive, which was acquired by Autoneum with effect from April 1, 2023, contributed to this with inorganic revenue growth of 7.1%. Organically, on the other hand, revenue declined by –2.9% and developed slightly below the market. Revenue consolidated in Swiss francs reached CHF 2 338.7 million, and thus was up CHF 36.4 million or 1.6% on the previous year (2023: CHF 2 302.3 million). Excluding negative translational exchange rate effects in the amount of CHF 59.8 million due to the strong Swiss franc, revenue in local currencies increased to CHF 2 398.5 million, thus comfortably reaching the guidance of CHF 2.3 billion to CHF 2.5 billion.

Revenue development in the regions

Business Group Europe achieved revenue of CHF 1 152.4 million in the 2024 financial year, an increase of CHF 78.5 million compared to CHF 1 073.9 million in the previous year. In local currencies, revenue grew by 9.8%. The first-time consolidation of four instead of three quarters of Borgers Automotive, which was acquired in 2023, resulted in an inorganic increase of 13.0%. Organically, revenue in local currencies declined by 3.2%, outperforming the market, which recorded a decline of 4.6%*.

Business Group North America outperformed the market in local currencies: while vehicle production fell by 1.4%* overall, Business Group North America recorded a slight increase of 1.3% in revenue. Borgers Automotive made a positive contribution of 3.0% to inorganic growth, while the organic revenue change was –1.7%. Consolidated revenue in Swiss francs amounted to CHF 884.6 million. (2023: CHF 895.9 million).

Business Group Asia generated revenue of CHF 198.3 million in Swiss francs, which was CHF 44.5 million below the previous year (2023: CHF 242.8 million). In local currencies, revenue shrank by 15.3% overall. The organic decline in revenue amounted to 16.6%, while the additional first quarter of Borgers Automotive, which was acquired in 2023, had a positive impact of 1.3% in the reporting year. The market in Asia remained stable with a growth of 0.1%*. In 2024, local Chinese vehicle manufacturers continued to gain market share in China at the expense of Japanese and European producers, which was clearly reflected in the revenue development of Business Group Asia. This trend underlines the importance of the acquisition of the Chinese Jiangsu Huanyu Group, announced on November 19, 2024, which generates over 90% of its revenue with Chinese car manufacturers in China and will significantly strengthen Autoneum’s market position.

Business Group SAMEA (South America, Middle East and Africa) achieved revenue growth of 14.4% in local currencies, mainly due to inflation-related price increases. In Swiss francs, revenue amounted to CHF 121.4 million. This corresponds to an increase of CHF 12.4 million or 11.3% compared to the previous year.

Guidance fully confirmed

Based on the preliminary figures, Autoneum expects an EBIT margin of over 5% and free cash flow of just over CHF 100 million for the 2024 financial year. Together with the Group revenue of CHF 2 338.7 million described above, the guidance from March 2024 and the lower end of the guidance for the EBIT margin (5.0% to 5.5%), which was raised to 5% in July 2024, will thus be fully achieved.

N-Join1: an innovative, adhesive-free carpet that supports the circular economy

Vehicle manufacturers are increasingly looking for recycling solutions for end-of-life vehicles to meet sustainability targets and comply with new regulations that are accelerating the automotive industry’s transition toward a circular economy. In response, Autoneum has developed the N-Join1 carpet. This innovative, monomaterial carpet system, made from recycled materials, eliminates the need for latex and adhesives, thereby offering an eco-friendly solution for vehicle interiors.

Acquisition of majority shareholding in Jiangsu Huanyu Group by Autoneum successfully completed

The acquisition of a majority stake of 70 percent in the Chinese automotive supplier Jiangsu Huanyu Group, which was announced in November 2024, was completed with effect from February 28, 2025, following approval by the authorities. As a result, Business Group Asia secures access to all major Chinese manufacturers and significantly increases its annual revenue.

ANDRITZ sets focus on textile recycling and durable nonwoven production technologies at ITMA Asia 2025

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at ITMA ASIA + CITME 2025 in Singapore, from October 28 to 31, 2025 (Hall 2, D106). ANDRITZ will showcase its MMCF production plants, textile sorting and recycling, bast fiber processing, needlepunch, airlay, and life-cycle service technologies, with a focus on sustainable solutions. Discover how these innovations can grow your business opportunities and support a greener future.

OUTLOOK™ 2025: Charting a sustainable and innovative future for the Nonwovens Industry

EDANA concluded its flagship event, OUTLOOK™ 2025, last week, marking it as a major success and addressing the biggest questions facing the industry. The three-day conference highlighted the urgent need for a unified approach to sustainability, regulation, and innovation in the absorbent hygiene and wipes sectors.

Global Nonwovens Alliance unveils Inaugural Board, advancing collaboration and growth worldwide

The Global Nonwovens Alliance (GNA), a tax-exempt federation jointly founded by INDA, the Association of the Nonwoven Fabrics Industry, and EDANA, the Voice of Nonwovens, announces the appointment of its founding Board of Directors. This group of leaders represents some of the most influential executives across the nonwovens value chain and reflects GNA’s mission to foster global collaboration, innovation, and growth in the industry.

T-CAN – Revolutionizing can transport

In virtually all spinning mills, transporting sliver cans is still done manually. Rising labor costs, lack of operators and increasing quality requirements make this a growing challenge. With T-CAN, Trützschler introduces a practical solution: a fully automated can transport system that will be presented live at ITMA ASIA 2025 in Singapore.

Francois Guetat joins Suominen as COO

Francois Guetat brings over two decades of global experience in operations, supply chain, and manufacturing excellence. Most recently, he served as SVP of Integrated Supply Chain at Kalmar, where he led business across sourcing, manufacturing, logistics and strategy. His leadership has been shaped by 22 years at Volvo, where he held key roles in Sweden, USA, and Poland.

DuPont™ Nomex® plant in Asturias receives ISCC PLUS certification

DuPont announced today that its Nomex® production facility in Tamón, Asturias, has received International Sustainability and Carbon Certification (ISCC PLUS) certification. This achievement underscores DuPont's commitment to advancing its sustainability goals and building capabilities to provide reliable Nomex® solutions from sustainable raw materials worldwide.

From concept to stage: Submit presentations for the Techtextil Forum and Texprocess Forum 2026 now

Anyone who wants to contribute to shaping the future of the textile industry can submit a presentation for the Techtextil and Texprocess Forum by 15 December 2025. Both stages represent innovation and practical solutions and promote exchange between research and industry. An international Programme Committee selects the contributions and curates a programme on key future topics in the textile sector. From 21 to 24 April 2026, the two leading trade fairs will once again be the centre of global business dialogue in Frankfurt.