A few days ago, BorgWarner announced financial data for the fourth quarter of 2013 as well as for the full year. The company relied on the strong demand for driveline components such as all-wheel-drive systems and dual-clutch gearbox modules to maintain growth in both operating revenue and net profit. situation.
BorgWarner
In the fourth quarter of 2013, BorgWarner’s net sales reached US$1.885 billion, up 10% year-on-year; net profit increased from US$121 million in the same period of 2012 to US$141 million, an increase of 16.5%.
Among the two major business groups, the engine group's net sales for the quarter reached US$1.266 billion, up 8.5% year-on-year, driven mainly by higher demand for turbochargers, engine timing equipment, and EGR coolers; In the fourth quarter, System Group’s net sales reached US$628 million, an increase of 10% from US$559 million in the same period of the previous year.
For the full year of 2013, BorgWarner’s total net sales reached US$7.437 billion. Net sales in 2012 were US$7.183 billion, which was a year-on-year increase of 4%. The company’s total net profit last year was US$624 million, compared to 2012. Surging 24.6%.
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