Homepage | Contact | Chinese
Suppliers Foreign Invested Standards Auto Models Statistics About Us Order Form Payment
      Member Login

  Latest News

  Latest Exhibition
  Latest Data
TRW Automotive results beat estimates as China sales rise


(Reuters) - Auto parts supplier TRW Automotive Holdings Corp reported better-than-expected quarterly results, driven by a 16 percent rise in sales in China, and the company also raised its full-year revenue forecast.


TRW said it now expects full-year revenue to range between $17.4 billion and $17.7 billion, higher than its earlier forecast of $17.3-$17.6 billion.


Analysts on average were expecting revenue of $17.5 billion, according to Thomson Reuters I/B/E/S.


Livonia, Michigan-based TRW, whose largest customer is Volkswagen, said it expects vehicle production volumes to expand in China.


The Livonia, Michigan-based company makes airbags, electronics, braking and steering equipment for cars globally and sells its products to nearly all major carmakers includingFord and General Motors. In 2013, about 41 percent of its total revenue came from Europe.


TRW's profit in the first quarter ended March 28 rose to $199 million, or $1.68 per share, from $162 million, or $1.29 per share, a year earlier.


Revenue rose 5 percent to $4.4 billion.


Excluding items, the company earned $1.81 per share.


Analysts on average had expected earnings of $1.65 per share on revenue of $4.3 billion.


Shares of TRW have gained 10 percent since January. They had closed at $81.39 on the New York Stock Exchange on Monday. 



Wheelon Co., CNAIC All rights reserved. 
Add:No.33, Fucheng Road, Haidian Dist., Beijing P.R. China 100048
Tel:+86-10-88561400 88560270        Fax: +86-10-88561149
web:http://www.wheelon.net        e-mail: wheelon_info@yahoo.com, wheelon@126.com
Co-organizers: China Association of Automobile Manufacturers
Society of Automotive Engineers of China