WABCO’s 2018 net income down 2.9% y/y to USD394.1 million
Company expects sales in the range of USD3.8 to USD4 billion in 2019
Wabco’s net profit declined 2.9% year-over-year (y/y) to USD394.1 million in the financial year ended 31 December 2018, the company said in a press release on 15 February. Net sales increased 15.9% y/y to USD3.83 billion. In local currencies, the company’s sales increased by 13.9% y/y. Wabco recorded operating income of USD512.5 million, up 17.8% y/y, resulting in operating margin of 13.4% compared with 13.2% a year earlier.
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