WABCO Wins Record $1.1 Billion in New Business in Past Four Quarters, Including $810 Million Through 2019; Reiterates Sales Growth Is Expected to Outperform Market Growth Long Term
(firmenpresse) - BRUSSELS, BELGIUM -- (Marketwired) -- 04/16/15 -- WABCO Holdings Inc. (NYSE: WBC) (), a leading global supplier of technologies to improve the safety and efficiency of commercial vehicles, today announced that from Q2 2014 to Q1 2015 the company has entered into contracts with customers globally totaling a record $1.1 billion of expected cumulative incremental business, up 10 percent year on year. WABCO achieved this record amount of annual new business despite significant strengthening of the U.S. dollar versus the same period a year ago.
WABCO''s record new business includes $810 million from 2015 through 2019, up from $620 million reported a year ago for the five-year period from 2014 through 2018.
These contracts represent new incremental business, separate from replacement and renewal of existing contracts. It comprises orders for WABCO products that improve vehicle safety and efficiency, mostly in vehicle dynamics systems, braking systems and transmission automation technologies on commercial vehicles.
"This strong new business success significantly contributes to WABCO''s continuing ability to generate sales growth that outperforms the commercial vehicle market relative to global truck and bus production," said Jacques Esculier, WABCO Chairman and Chief Executive Officer. "WABCO continues to expect that its annual sales growth will outperform market expansion of new truck and bus builds on average from 8 to 10 percent through 2019; in particular, today we have visibility to deliver on the high end of our outperformance range in 2016."
"Our record $1.1 billion in new business also reflects our early anticipation of market dynamics and higher demand for WABCO content per vehicle in emerging markets where nearly half of this new business is anchored," said Esculier. "WABCO continues to expect long term to outperform the global market''s evolution for new commercial vehicles in mature and emerging economies alike through our differentiating strategies of technology leadership, globalization and excellence in execution."
About WABCO
WABCO (NYSE: WBC) is a leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. Founded nearly 150 years ago, WABCO continues to pioneer breakthrough products and systems for braking, stability, suspension, transmission automation, and aerodynamics. Today, all of the world''s leading truck, bus and trailer manufacturers have WABCO technologies onboard. In addition, WABCO provides the industry with advanced fleet management solutions and aftermarket services. WABCO reported sales of $2.9 billion in 2014. The company is headquartered in Brussels, Belgium, and has 11,000 employees worldwide. For more information, visit . WABCO''s 2014 Annual Report is now available online at .
Forward-Looking Statements
This document contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995 that are based on management''s good faith expectations and beliefs concerning future developments. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "strategies," "prospects," "intends," "projects," "estimates," "plans," "may increase," "may fluctuate," and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward looking in nature and not historical facts. Actual results may differ materially from these expectations as a result of many factors. These factors include, but are not limited to, the actual level of commercial vehicle production in our end markets, adverse developments in the business of our key customers, pricing changes to our supplies or products, our ability to successfully integrate any acquired businesses or our acquired businesses not performing as planned and the other risks and uncertainties described in the "Risk Factors" section and the "Information Concerning Forward Looking Statements" section of WABCO''s Form 10-K, as well as in the "Management''s Discussion and Analysis of Financial Condition and Results of Operations - Information Concerning Forward Looking Statements" section of WABCO''s Form 10-Q Quarterly Reports. WABCO does not undertake any obligation to update such forward-looking statements. All market and industry data are based on company estimates.
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Datum: 16.04.2015 - 05:00 Uhr
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