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19.12.2019

autoneum: Major shareholders underline their commitment with subordinated loans

The two major shareholders Michael Pieper and Peter Spuhler have granted Autoneum Holding Ltd two subordinated loans of CHF 20 million each. This not only emphasizes their personal and financial engagement, but also their confidence in the Company. The loans have a fixed term until January 15, 2021. Michael Pieper explained: “Strategically and with its product portfolio, the Company is very well positioned for the challenges related to the transformation of the automotive industry.” Peter Spuhler underlined: “The loan is a sign of my confidence in the Company and its potential.”

The two major shareholders Michael Pieper and Peter Spuhler have granted Autoneum Holding Ltd two subordinated loans of CHF 20 million each. This not only emphasizes their personal and financial engagement, but also their confidence in the Company. The loans have a fixed term until January 15, 2021. Michael Pieper explained: “Strategically and with its product portfolio, the Company is very well positioned for the challenges related to the transformation of the automotive industry.” Peter Spuhler underlined: “The loan is a sign of my confidence in the Company and its potential.”

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Autoneum
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autoneum

09.12.2019

Updated short- and mid-term outlook

Following an in-depth analysis of the current business situation conducted by the new Group Management, Autoneum expects a net loss in the high double-digit million range for the full year 2019 due to the situation in North America and related one-time charges from impairments. Therefore, achieving the communicated mid-term targets will take more time.

Following an in-depth analysis of the current business situation conducted by the new Group Management, Autoneum expects a net loss in the high double-digit million range for the full year 2019 due to the situation in North America and related one-time charges from impairments. Therefore, achieving the communicated mid-term targets will take more time.

A comprehensive assessment by the new Group Management focusing on Business Group North America and taking into account the course of business from January to November 2019 led to a revaluation of the situation. It has become apparent that the problems in North America are not limited to two US plants and deficient ramp-ups there. Accordingly, a comprehensive turnaround program focusing on operational excellence and the improvement of cost structures is being developed and implemented in Business Group North America.

As a result of the slowdown in the automotive industry and the continuing low market level forecasted in the medium term, the cost structure at the Group’s headquarters in Winterthur, Switzerland, has been adjusted, among other things, by selective staff reduction. To further reinforce new mobility activities, they will be concentrated at the Research and Technology Center in Winterthur. This will include the relocation of the Competence Center New Mobility from Sunnyvale (CA), USA, to Winterthur.

Due to the continuing losses of Business Group North America, Autoneum expects a net loss for the financial year 2019 in the high double-digit million range. In addition to current operating losses, this also includes one-time charges from impairments which are not cash-effective. To achieve the Group’s mid-term targets announced in March (“2019 Year of tidying, 2020 Year of transition, 2021 Return to sound profitability level), an additional year will therefore be needed.

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Autoneum Management AG
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Autoneum Management AG

(c) Autoneum
05.11.2019

Hybrid-Acoustics PET sets new standards for sustainable noise protection

Lighter, quieter and more environmentally-friendly vehicles ‒ this is what Hybrid-Acoustics PET from Autoneum stands for. The product innovation for the engine bay is not only characterized by its lightweight construction and noise protection optimized for electric vehicles, it also convinces through sustainability: Components made of Hybrid-Acoustics PET consist entirely of PET, which is largely obtained from recycled fibers, and thus meet customer demand for environmentally-friendly mobility solutions.

Lighter, quieter and more environmentally-friendly vehicles ‒ this is what Hybrid-Acoustics PET from Autoneum stands for. The product innovation for the engine bay is not only characterized by its lightweight construction and noise protection optimized for electric vehicles, it also convinces through sustainability: Components made of Hybrid-Acoustics PET consist entirely of PET, which is largely obtained from recycled fibers, and thus meet customer demand for environmentally-friendly mobility solutions.

With Hybrid-Acoustics PET, Autoneum has adapted its textile interior technology Hybrid-Acoustics for use in the engine compartment. The patented innovation is based on a unique fiber material that acts as an insulator and absorber at the same time. Among others, Hybrid-Acoustics PET is used to encapsulate electric motors, thereby reducing noise directly at the source and particularly attenuating high-frequency sounds of the electric drive unit. This key technology accordingly ensures optimum noise protection in the passenger cabin and greater driving comfort.

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Hybrid-Acoustics PET Autoneum
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Autoneum Management AG

Bernhard Wiehl, Chief Financial Officer (CFO) (c) Autoneum Holding Ltd
28.10.2019

autoneum: Change to the Group Executive Board

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

The Board of Directors of Autoneum Holding Ltd appoints Bernhard Wiehl, the longstanding Head of Finance & Controlling of Business Group Europe, as Chief Financial Officer (CFO) and member of the Group Executive Board with immediate effect. The previous CFO Dr Martin Zwyssig has decided to leave Autoneum.

Bernhard Wiehl has been responsible for Finance & Controlling at Business Group Europe since 2013. Also thanks to his financial leadership, this Business Group with its numerous legal units has become highly profitable in recent years. Prior to joining Autoneum, he held senior finance and controlling positions with various automotive suppliers and has therefore extensive experience in the financial management of internationally active suppliers. Additionally, he is very familiar with the challenges of the automotive industry in a global environment. From 2007 to 2013, he was Head of Finance & Controlling and member of the Executive Board of the Lighting and Electronics division at the German automotive supplier Hella and from 2004 to 2007, among other things, in charge of controlling of the Europedivision of the supplier Hydraulik-Ring. Wiehl started his professional career in 1995 at TRW Automotive in Germany. He studied mechanical and industrial engineering at the Esslingen University of Applied Sciences, Germany, and holds a degree in industrial engineering (FH).

Bernhard Wiehl’s predecessor Dr Martin Zwyssig decided to leave the Company and to take up a new professional challenge. The Board of Directors and CEO Matthias Holzammer thank him for the commitment to the Company and wish him all the best for his professional and private future.

Source:

Autoneum Holding Ltd

Bernhard Wiehl, Chief Financial Officer (CFO) (c) Autoneum Holding AG
28.10.2019

autoneum: Wechsel in der Konzernleitung

Der Verwaltungsrat der Autoneum Holding AG ernennt Bernhard Wiehl, den langjährigen Leiter Finance & Controlling der Business Group Europe, mit sofortiger Wirkung zum Chief Financial Officer (CFO) und Mitglied der Konzernleitung. Der bisherige CFO Dr. Martin Zwyssig hat sich entschieden, Autoneum zu verlassen.
 

Der Verwaltungsrat der Autoneum Holding AG ernennt Bernhard Wiehl, den langjährigen Leiter Finance & Controlling der Business Group Europe, mit sofortiger Wirkung zum Chief Financial Officer (CFO) und Mitglied der Konzernleitung. Der bisherige CFO Dr. Martin Zwyssig hat sich entschieden, Autoneum zu verlassen.
 
Bernhard Wiehl verantwortet seit 2013 den Bereich Finance & Controlling der Business Group Europe. Auch dank seiner finanziellen Führung hat sich diese Business Group mit ihren zahlreichen Landesgesellschaften in den vergangenen Jahren hochprofitabel entwickelt. Vor seinem Eintritt bei Autoneum hatte er leitende Finanz- und Controlling-Funktionen bei verschiedenen Zulieferern der Automobilindustrie inne und verfügt daher über umfassende Erfahrung in der finanziellen Führung von international tätigen Automobilzulieferern. Mit den Herausforderungen der Automobilindustrie im globalen Umfeld ist er bestens vertraut. Von 2007 bis 2013 war er Leiter Finance & Controlling und Mitglied der Geschäftsleitung der Divisionen Licht und Elektronik beim deutschen Autozulieferer Hella und von 2004 bis 2007 unter anderem für das Controlling der Europa-Sparte des Zulieferers Hydraulik-Ring zuständig. Seinen beruflichen Werdegang startete er 1995 bei TRW Automotive in Deutschland. Bernhard Wiehl hat Maschinenbau und Wirtschaftsingenieurwesen an der Fachhochschule Esslingen, Deutschland, studiert und ist diplomierter Wirtschaftsingenieur (FH).
 
Bernhard Wiehls Vorgänger Dr. Martin Zwyssig hat sich entschieden, das Unternehmen zu verlassen und eine neue berufliche Herausforderung anzunehmen. Der Verwaltungsrat und CEO Matthias Holzammer danken Martin Zwyssig für seinen Einsatz für das Unternehmen und wünschen ihm für die berufliche und private Zukunft alles Gute. 

Source:

Autoneum Holding AG

Autoneum (c) Autoneum
Autoneum
08.10.2019

Autoneum: Matthias Holzammer appointed new CEO

The Board of Directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former, long-term Head of Business Group Europe, as CEO with immediate effect. He is taking over from Martin Hirzel, who will be leaving the Company in agreement with the Board of Directors. Since the existing problems in North America are proving more challenging than expected, the Group's operating result in the second semester of 2019 will not improve, contrary to previous forecasts.

The Board of Directors of Autoneum Holding Ltd has appointed Matthias Holzammer, the former, long-term Head of Business Group Europe, as CEO with immediate effect. He is taking over from Martin Hirzel, who will be leaving the Company in agreement with the Board of Directors. Since the existing problems in North America are proving more challenging than expected, the Group's operating result in the second semester of 2019 will not improve, contrary to previous forecasts.

Matthias Holzammer has already demonstrated his operational expertise as the Company’s Head of Business Group Europe, which he successfully restructured from 2012 on and transformed into a highly profitable Business Group. Due to the severe operational and commercial issues in North America, the turnaround and improvement of results will take more time than expected. Matthias Holzammer will devote himself to this task with the highest priority, in order to return the Business Group and the Group back to profitability as quickly as possible. "In view of the current challenges in North America and the volatile global market environment, Matthias Holzammer is the ideal choice to lead the Company as CEO with his industry experience, knowledge of Autoneum and track record in restructuring”, said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

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Autoneum Management AG
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Autoneum Management AG

 World Car Awards 2020: Mehrheit aller nominierten Modelle fährt mit Autoneum (c) Autoneum Management AG
10.09.2019

World Car Awards 2020: Majority of eligible models features Autoneum components

With the announcement of the eligible vehicle models, the World Car Awards 2020 kickedoff today at the IAA Motor Show in Frankfurt, Germany. This year again, the majority of contenders is equipped with lightweight components for acoustic and thermal management from Autoneum. The world’s leading automobile industry awards will be presented at the New York Motor Show in the spring of 2020.

With the announcement of the eligible vehicle models, the World Car Awards 2020 kickedoff today at the IAA Motor Show in Frankfurt, Germany. This year again, the majority of contenders is equipped with lightweight components for acoustic and thermal management from Autoneum. The world’s leading automobile industry awards will be presented at the New York Motor Show in the spring of 2020.

A total of 46 new vehicle models have passed the initial screening and are now contenders for trophies in the categories “World Car of the Year”, “World Luxury Car”, “World Performance Car”, “World Urban Car” and “World Car Design of the Year”, including five new fully-electric models alone. Whether it’s a lightweight underbody, a noise-absorbing carpet system or a heat-reducing engine encapsulation – most of the eligible vehicles benefit from Autoneum’s innovation leadership in thermal and acoustic management. Autoneum’s expertise extends to new forms of mobility such as electric vehicles: Also thanks to numerous Autoneum components, Jaguar’s fully-electric SUV “I-PACE” impressed the jurors for the World Car Awards 2019, which was the first model ever to be named “World Car of the Year”, “World Car Design of the Year” and “World Green Car” at the same time.

On the occasion of today’s eligibility announcement, Autoneum CEO Martin Hirzel said: “Once again, the contenders are testimony to our innovation leadership. The World Car Awards also confirm our forward-looking approach: Nominated e-models feature Autoneum components as well. Welcoming our industry’s transformation early on, we today supply environmentally sustainable, lightweight components for most electric models available worldwide.”

Gerry Malloy, President of the World Car Awards Association, added: “As a market leader, Autoneum is the ideal partner for us. Our shared commitment to innovation was a decisive factor in forming a partnership back in 2014. Nowadays, this is a crucial aspect for manufacturers and suppliers who wish to remain successful in times of industrial and technological change.”

The World Car Awards, which have been presented annually since 2004, are the world’s leading nd most widely recognized automotive industry awards. A jury comprising of more than 80 international automotive journalists selects winners in five categories. The winners of the 2020 World Car Awards will be announced in April next year at the New York Motor Show.

29.08.2019

Autoneum sets new standards with online configurator “Acoustic Garage”

With “Acoustic Garage”, Autoneum launches an online configurator for the acoustic management of vehicles as the first automotive supplier worldwide ever. The portal offers a comprehensive information and product experience on all aspects of noise protection in cars. In addition, users can customize various acoustic components according to their individual requirements. In this way, Autoneum supports vehicle manufacturers in ensuring optimal acoustics in future models.

With “Acoustic Garage”, Autoneum launches an online configurator for the acoustic management of vehicles as the first automotive supplier worldwide ever. The portal offers a comprehensive information and product experience on all aspects of noise protection in cars. In addition, users can customize various acoustic components according to their individual requirements. In this way, Autoneum supports vehicle manufacturers in ensuring optimal acoustics in future models. Acoustic Garage is now available for free at acoustics.autoneum.com.

Autoneum not only sets benchmarks in automotive noise and heat protection with its innovative components and technologies, but now also with its online application Acoustic Garage. The new and especially user-friendly configurator allows interested parties – whether customers, science representatives or end consumers – to design a customized noise protection package at the touch of a button.

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Autoneum Management AG Autoneum
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Autoneum Management AG

24.07.2019

Autoneum: Revenue growth in a strongly declining market

In a strongly declining market, Autoneum increased revenue in local currencies by 1.9% in the first six months of 2019 thanks to numerous model ramp-ups. At CHF 1 156.1 million, revenue in Swiss francs reached the previous year’s level (CHF 1 159.4 million). All four Business Groups outperformed the market. The turnaround program in North America is showing progress, but the persisting operational inefficiencies at two US plants continue to impact the profitability of the entire Group, as already communicated.

In a strongly declining market, Autoneum increased revenue in local currencies by 1.9% in the first six months of 2019 thanks to numerous model ramp-ups. At CHF 1 156.1 million, revenue in Swiss francs reached the previous year’s level (CHF 1 159.4 million). All four Business Groups outperformed the market. The turnaround program in North America is showing progress, but the persisting operational inefficiencies at two US plants continue to impact the profitability of the entire Group, as already communicated. Accordingly, EBIT fell to CHF 16.4 million in the first semester, while the anticipated negative net result totaled CHF –6.0 million.

The weak global macroeconomic environment, ongoing trade disputes and the resulting uncertainty among car manufacturers and consumers led to a further sharp decline in global light vehicle production in the first half of 2019. In this difficult market environment, Autoneum was able to increase its revenue by 1.9% in local currencies in the first six months compared to the prior-year period, particularly thanks to numerous model ramp-ups. At CHF 1 156.1 million, revenue in Swiss francs reached the prior-year’s level (CHF 1 159.4 million). While the number of vehicles produced in all regions declined, Business Groups (BG) North America, Asia and SAMEA (South America, Middle East and Africa) grew and outperformed the respective market developments, two of them significantly. Only at Business Group Europe did the sharp drop in production volumes among vehicle manufacturers result in fewer call-offs and lower year-on-year revenue.

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Autoneum
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Autoneum

(c) Autoneum Management AG
08.07.2019

Alpha-Liner: optimum protection against tire noise

With Alpha-Liner, Autoneum launches its first-ever textile wheelhouse outer liner that not only reduces tire noise substantially, but also convinces with low weight. This newest lightweight component ensures a quiet driving experience and also helps vehicle manufacturers meet current and future noise and emission limits. Alpha-Liner premieres at the “Automotive Acoustics Conference” which takes place in Zurich,
Switzerland, on July 9 and 10.

With Alpha-Liner, Autoneum launches its first-ever textile wheelhouse outer liner that not only reduces tire noise substantially, but also convinces with low weight. This newest lightweight component ensures a quiet driving experience and also helps vehicle manufacturers meet current and future noise and emission limits. Alpha-Liner premieres at the “Automotive Acoustics Conference” which takes place in Zurich,
Switzerland, on July 9 and 10.

Alpha-Liner is the latest innovation from Autoneum – a multifunctional wheelhouse outer liner that reduces tire noise with high efficiency and thus makes the vehicle quieter and lighter. Alpha-Liner is based on Autoneum’s newly developed technology, with which noise absorption can be adapted to the specific requirements of the vehicle model for the first time. To achieve this effect, a thin coated surface is applied on the tire side. The porosity of the coating can then be controlled according to the necessary absorption properties, the bottom part of the wheelhouse outer liner requires stronger noise treatment, which maximizes acoustic absorption.

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Alpha-Liner Autoneum
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Autoneum Management AG

04.06.2019

Autoneum publishes Corporate Responsibility Report 2018

Assuming social responsibility and acting sustainably has been Autoneum's focus since it became an independent company. In order to achieve the best results possible, the Company last year has defined a number of quantitative and qualitative targets in the areas of “Sustainable Products and Production Processes”, “Fair and Attractive Workplace”, “Good Corporate Citizenship” and “Responsible Supply Chain Management” for 2025. In all these areas Autoneum has achieved important successes already in 2018.

Assuming social responsibility and acting sustainably has been Autoneum's focus since it became an independent company. In order to achieve the best results possible, the Company last year has defined a number of quantitative and qualitative targets in the areas of “Sustainable Products and Production Processes”, “Fair and Attractive Workplace”, “Good Corporate Citizenship” and “Responsible Supply Chain Management” for 2025. In all these areas Autoneum has achieved important successes already in 2018.

Through the consistent implementation of environmental efficiency projects – a total of over 80 worldwide – Autoneum reduced its environmental impact further in 2018. For example, both the amount of waste (–5.9%) and water consumption (–13.4%) have fallen sharply. At the same time, various plants – particularly in Asia and North America – have expanded their recycling capacity, significantly increasing the amount of production waste reused in the manufacturing process (14.9%).

To further improve working conditions especially in production, measures were taken in all Business Groups in 2018 to enhance occupational health and safety and well-being in the workplace. A global employee satisfaction survey conducted in fall last year has confirmed the first positive effects of these measures.

A complete overview of all targets and activities during the past year can be found in the Corporate Responsibility Report 2018 and is available at www.autoneum.com/corporateresponsibility/.

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Autoneum Autoneum Management AG
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Autoneum Management AG

04.06.2019

Autoneum veröffentlicht Corporate Responsibility-Bericht 2018

Gesellschaftliche Verantwortung und nachhaltiges Handeln stehen seit der Verselbständigung von Autoneum im Fokus des Unternehmens. Um bestmögliche Resultate zu erzielen, hat Autoneum vergangenes Jahr einer Vielzahl an quantitativen und qualitativen Zielen in den Bereichen „nachhaltige Produkte und Produktionsprozesse“, „fairer und attraktiver Arbeitsplatz“, „Good Corporate Citizenship“ und „verantwortungsvolle Beschaffung“ für 2025 verabschiedet. 2018 wurden wichtige Erfolge in allen Teilbereichen erzielt.

Gesellschaftliche Verantwortung und nachhaltiges Handeln stehen seit der Verselbständigung von Autoneum im Fokus des Unternehmens. Um bestmögliche Resultate zu erzielen, hat Autoneum vergangenes Jahr einer Vielzahl an quantitativen und qualitativen Zielen in den Bereichen „nachhaltige Produkte und Produktionsprozesse“, „fairer und attraktiver Arbeitsplatz“, „Good Corporate Citizenship“ und „verantwortungsvolle Beschaffung“ für 2025 verabschiedet. 2018 wurden wichtige Erfolge in allen Teilbereichen erzielt.

Durch die konsequente Umsetzung von Ökoeffizienzprojekten – weltweit insgesamt über 80 – hat das Unternehmen 2018 seine Umweltauswirkungen weiter reduziert. So sind nicht nur die Abfallmengen (–5.9%), sondern auch der Wasserverbrauch (–13.4%) stark gesunken. Gleichzeitig haben verschiedene Werke – vor allem in Asien und Nordamerika – ihre Recyclingkapazitäten erweitert, wodurch das Volumen des in der Fertigung wiederverwerteten Produktionsausschusses signifikant anstieg (14.9%).

Um die Arbeitsbedingungen insbesondere in der Produktion weiter zu verbessern, sind 2018 in allen Business Groups Massnahmen zur Arbeitssicherheit und zum Wohlbefinden am Arbeitsplatz ergriffen worden. Eine im Herbst an allen Standorten durchgeführte Umfrage zur Mitarbeiterzufriedenheit hat erste positive Resultate bestätigt.

Eine vollständige Übersicht über alle Ziele und Aktivitäten des vergangenen Jahres ist im Corporate Responsibility-Report 2018 aufgeführt und unter www.autoneum.com/de/corporate-responsibility/ verfügbar.

 

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Autoneum Autoneum Management AG
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Autoneum Management AG