Visteon’s Q1 net income drops 78.5% y/y to USD14 million on lower sales
Company updates full-year 2019 financial guidance
Visteon has reported 78.5% year-over-year (y/y) decline in net income to USD14 million in the first quarter ended 31 March 2019, the US-based supplier said in a press release on 15 April. Sales dropped by 9.4% y/y to USD737 million, mainly due to 6% y/y vehicle production volume at Visteon’s key customers.
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