Sales – of $5 billion – are up 7% on an annual basis. Net revenues (305.8 million) perform better thanks to a + 23% performance. At the same time, adjusted per share is 26% higher than in the same period of 2016. Financial figures for the first quarter of Lear, the large interior and automotive electronic systems “makes the 100th anniversary of the foundation in a power position never experienced before.” declares CEO, Matt Simoncini. “I have never been so optimistic for the future. We see surprising financial results and growth on the stock market in both product segments” he adds. The January-March period justifies an optimistic outlook for the whole year. Lear expects to close 2017 with sales of around 19.5 billion, with a net profit of 1.1 billion.
For Lear, the first quarter (sales to + 7%) justifies expectations for a record 2017. CEO Simoncini: “Never so optimistic about the future”
