Harman International Business Report FY ended Jun. 2013

Business Highlights

Financial Overview

(in million USD)
  FY ended Jun. 30, 2013 FY ended Jun. 30, 2012 Rate of Change (%) Factors
Sales 4,297.8 4,364.1 (1.5) -
Operating profit 201.3 300.2 (32.9) -
Sales 2,283.2 2,401.6 (4.9) -
Operating profit 90.8 180.5 (49.7)
Sales 1,338.4 1,330.8 (0.6) -
Operating profit 137.5 151.5 (9.2)

Major Contracts

<FY ended Jun. 30, 2013>
 Product Maker/Model
Fully integrated infotainment systems and other navigation solutions Daimler "Mercedes-Benz S-Class", "Mercedes-Benz C-Class"
Harman/Kardon-branded audio system BMW "1 Series", "1 Series Coupe/Convertible", "X1", "3 Series Touring/Coupe/Convertible"
Harman/Kardon-branded audio system MINI "R61 Paceman", MINI "Clubman Bond Street Edition"
Uconnect infotainment system Jeep "Grand Cherokee"
BMW "ConnectedDrive" system featuring Harman's infotainment technology BMW "1 Series", "3 Series/Gran Turismo" "5 Series", "6 Series Coupe/Convertible/Grand Coupe", "7 Series"
Touch&Go multimedia platform All Toyota Europe vehicles
Uconnect 8.4A and 8.4AN audio systems 2013 Chrysler "Ram 1500", "SRT Viper"
Aha infotainment platform Ford, Chrysler UConnect, Aha radio integration for Porsche as an option, Subaru Starlink installed vehicles
Automotive infotainment system 2013 Audi "A3"
Aha infotainment platform HondaLink installed vehicles


-The Company announced that it has acquired iOnRoad Technologies, Ltd. Based in Israel, iOnRoad is a development company of vehicle safety systems also known as Advanced Driver Assistance Systems (ADAS), including the iOnRoad augmented reality driving application. iOnRoad will strengthen Harman's leadership in global infotainment systems and services for automakers and accelerate the rollout of new ADAS functionalities.  (From a press release on April 10, 2013)

-The Company announced that it has entered into a definitive agreement to acquire Interchain Solution, an India-based company that develops telematics, fleet management, Android based in-vehicle infotainment and location-based solutions. The transaction is expected to close in late August 2012. Interchain's products such as GWVectra and GWTrack telematics solutions will complement Harman's portfolio and also expand the Company's reach to include commercial vehicle makers. (From a press release on August 7, 2012)


R&D Expenditure

(in million USD)
  FY ended Jun. 30, 2013 FY ended Jun. 30, 2012 FY ended Jun. 30, 2011
Overall 285.3 331.9 304.6

R&D Facilities

-The Company announced its plan to establish a software engineering center in the northern Chicago suburbs, Illinois, the U.S. The company's new engineering center will lead the development of next-generation, connected car infotainment systems and automotive-grade cloud platforms. The infotainment systems will be based on open standards such as Linux and Android, and will offer increased customization through advanced integration both with personal smart devices such as smartphones and tablets, and with the cloud. (From a press release on September 20, 2012)

Product Development

3D surround sound system
-The Company unveiled its new QuantumLogic 3D, the three-dimensional surround sound experience based on QuantumLogic technology at the Geneva Motor Show. QuantumLogic 3D accurately identifies and redistributes audio streams (voices, instruments and spatial information) from the music source, and incorporates additional audio streams that are reproduced via overhead speakers. QuantumLogic 3D technology is now available for all automotive OEMs. (From a press release on March 5, 2013)

Investment Activities

Capital Expenditure

(in million USD)
  FY ended Jun. 30, 2013 FY ended Jun. 30, 2012 FY ended Jun. 30, 2011
Infotainment 54.4 66.1 61.7
Lifestyle 25.6 24.5 18.5
Professional 11.8 10.2 14.3
Other 9.9 11.8 13.9
Total 101.7 112.5 108.4