Meritor FY2016/17 sales up 4.6% y/y to USD3.34 billion
Company expects full-year FY2017/18 sales in the range of USD3.6 billion to USD3.7 billion
Meritor has reported 4.6 % year-over-year (y/y) increase in sales to USD3.34 billion in the financial year ended 30 September 2017, the US-based automotive supplier said in a press release today (15 November). Higher sales helped the company to record marginal growth in operating income to USD207 million, and a 6.1% increase in adjusted EBITDA to USD347 million, resulting in 20 basis points improvement in EBITDA margin to 10.4%.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
