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.