Autoneum Holding Ltd. (Formerly Rieter Automotive) Business Report FY ended Dec. 2017

Financial Overview

(in million CHF)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 Rate of change (%) Factors
Net Sales 2,203.0 2,152.6 2.3 1)
Net Profit 118.5 133.8 (11.4) 2)


1) Net Sales
-In the fiscal year ended December 31, 2017, the Company’s net sales increased by 2.3% to CHF 2,203.0 million. In Europe, Asia and the SAMEA (South America, Middle East and Africa) region, the Company increased revenue notably and was thereby able to offset the cyclical and demand-related decline in the USA and Canada.

2) Net Profit
-The Company’s net profit for the fiscal year ended December 31, 2017 was CHF 118.5 million, a decline of 11.4% from the previous year. Compared to the CHF 133.8 million in 2016, which had been positively impacted by special effects, this key figure fell in 2017. On a comparable basis and adjusted for special effects, net profit exceeded the prior-year result of CHF 117.0 million.

License Agreement

-The Company announced that it has concluded an exclusive license agreement with Iranian automotive supplier Ayegh Khodro Toos (AKT) for the production and distribution of its multifunctional components for acoustic and thermal management in Iran. In the future, Ayegh Khodro Toos will produce carpet systems and inner dashes at its plant in Mashhad (Razavi-Khorasan province) for IKAP, a joint venture between Iran Khodro and PSA. The first vehicle equipped with Autoneum components, an SUV, will be launched in early 2019. (From a press release on December 11, 2017)


Car maker Awarded Facility Name of Award
GM - Supplier Innovation Award
PSA Katowice, Poland Best Plant Award
GAC Fiat Taicang, China Excellence Supplier Award
Hyundai Behror, India Appreciation Award
Honda Monroe, US Honor of Distinction


-The Company expects organic revenue growth of around 3% and the operating margin (EBIT) to be at around 8% for 2018.

-The Company is aiming to achieve sales of CHF 2,600 million by 2020. In addition, by 2020, the Company expects to have emerging markets comprise at least a 20% share of its net sales, and an EBITDA margin of 12%.

R&D Expenditure

(in million CHF)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
Overall 77.6 64.5 60.7

-The Company invests in innovative materials and products, and in new efficient production technologies to support vehicle manufacturers in meeting challenging targets in acoustic comfort, fuel consumption and environmental emissions.The focus of the Company is in the development of lightweight and acoustically efficient solutions for vehicle engine bay, underbody, interior floor and body treatment.

R&D Facilities

Country City Facility Type
Switzerland Winterthur (HQ) -Acoustics Center
-Center of Excellence
Sevelen -Development Center
France Aubergenville -Acoustics Center
-Development Center
Germany Rossdorf-Gundernhausen -Acoustics Center
Poland Katowice -Development Center
U.S. Farmington Hills, Michigan -Acoustics Center
-Development Center
Tinley Park, Illinois -Acoustics Center
-Development Center
Brazil Sao Bernardo do Campo -Acoustics Center
-Development Center
China Shanghai -Acoustics Center
-Development Center
Japan Kita-ku, Tokyo (JV with Nittoku) -Acoustics Center
Shizuoka (JV with Nittoku) -Acoustics Center

Product Development

-The Company announced that with Tune-It, it is launching its latest innovation for carpet systems that set themselves apart through custom-tailored acoustic performance, light weight and an excellent environmental footprint. Tune-It will be presented to the public for the first time at the Automotive Acoustics Conference which takes place on July 11 and 12, 2017 in Zurich/Ruschlikon, Switzerland. The product launch for Tune-It is scheduled for spring 2018. Tune-It is based on an innovative fiber combination in the carpet backing with which, for the first time, sound insulation and absorption can be tuned to the specific needs and geometry of the passenger cabin across the entire surface of the carpet. In addition, given a weight advantage of up to 25% compared to standard needlepunch carpets, components based on Tune-It also support reduced fuel consumption and less vehicle emissions. The outstanding environmental footprint of this carpet technology that consists of 100% PET is also reflected in the fact that Tune-It based components are fully recyclable. (From a press release on July 6, 2017)

Capital Expenditure

(in million CHF)
FY ended Dec. 31, 2017 FY ended Dec. 31, 2016 FY ended Dec. 31, 2015
BG Europe 37.6 32.7 27.5
BG North America 113.0 74.7 61.2
BG Asia 33.7 19.0 14.4
BG SAMEA 6.4 6.5 13.2
Corporate 7.4 5.5 4.4
Overall 198.1 138.4 120.7

Investments Outside Switzerland

On January 10, the Company announced that will establish a Competence Center for New Mobility in Sunnyvale, California.
While locating its new Competence Center in an area of automotive and technology startup companies, Autoneum will evaluate the potential of current automotive trends and how they might be implemented in new technologies and products for acoustic and thermal management.
To take advantage of the market potential for new forms of mobility, Autoneum is building on its expertise in developing multifunctional noise and heat protection components. (From a press release on January 10, 2017)

-The Company announced that with four additional plants, Autoneum is significantly expanding its production capacities in China. At the new plant in the Eastern Chinese city of Yantai (Shandong Province), the production of inner dashes and carpet systems has already started. Around 250,000 vehicles of Chinese vehicle manufacturers will be supplied with components from Yantai each year. In just a few weeks, series production of carpet systems, inner dashes and wheelhouse outer liners will also get underway for US-American and Chinese vehicle manufacturers at Autoneum’s new plant in the city of Changsha (Hunan Province). Annual production capacity for the plant will amount to some 1.4 million components. A plant in Pinghu (Zhejiang Province) is still under construction along with a production facility in Shenyang Tiexi (Liaoning Province) . The production at both plants is scheduled to start in 2018. (From a press release on October 26, 2017)