WABCO Wins $570 Million in New Business in Past Four Quarters; Confirms Sales Growth Rate Expected to Outperform Market Growth Through 2016
(firmenpresse) - BRUSSELS, BELGIUM -- (Marketwire) -- 04/18/12 -- WABCO Holdings Inc. (NYSE: WBC), () a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that from Q2 2011 to Q1 2012 the company has entered into contracts with customers globally totaling $570 million of expected cumulative incremental business from 2012 through 2016.
These contracts represent new incremental business for the five-year period, separate from replacement and renewal of existing contracts. It comprises orders mostly for WABCO technologies for air management, braking systems and vehicle dynamics systems on commercial vehicles.
This new business further supports that WABCO's sales growth from 2012 through 2016 is expected to outperform market growth of global truck and bus production by a compound annual growth rate (CAGR) of 8 to 10 percent, as disclosed a year ago.
"Based on contracts signed in the past four quarters, we see incremental sales of $570 million through 2016 and 52 percent of this new business is rooted in emerging markets such as China, India and Brazil, reflecting higher demand for WABCO content per vehicle over the next five years," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "Looking toward 2016, we expect to continue year after year to outperform the evolution of the global market for new commercial vehicles, particularly in Asia."
About WABCO
WABCO (NYSE: WBC) is a leading global supplier of technologies and control systems for the safety and efficiency of commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.8 billion in 2011, WABCO is headquartered in Brussels, Belgium. For more information, visit .
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Datum: 18.04.2012 - 05:00 Uhr
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