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- Sensata Technologies, Inc. Business Report FY ended Dec. 2019
Sensata Technologies, Inc. Business Report FY ended Dec. 2019
Financial Overview
|
(in million USD) |
| |
FY ended Dec. 31, 2019 |
FY ended Dec. 31, 2018 |
Rate of change
(%) |
Factors |
| Overall |
| Net Sales |
3,450.6 |
3,521.6 |
(2.0) |
|
| Operating Income |
940.0 |
1,005.7 |
(6.5) |
- |
| Performance Sensing business |
| Net Sales |
2,546.0 |
2,627.7 |
(3.1) |
(*) |
| Operating Income |
648.7 |
712.7 |
(9.0) |
- |
Factors
(*)Performance Sensing business sales
-Performance Sensing net revenue for the fiscal year 2019 decreased by 3.1%, to USD 2,546.0 million from USD 2,627.7 million for the fiscal year 2018. According to the Company, its automotive business, which reported net revenue decline of 4.3%, or 0.9% on an organic basis, outperformed the automotive end market, which declined 5.6%. The outgrowth of the automotive market was largely due to content growth in all of our major end markets, most notably China. In addition, price reductions of 1.6%, primarily to automotive customers, contributed to the Performance Sensing organic revenue decline.
R&D Expenditure
|
(in million USD) |
| |
FY ended Dec. 31, 2019 |
FY ended Dec. 31, 2018 |
FY ended Dec. 31, 2017 |
| Overall |
148.4 |
147.3 |
130.1 |
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