Linamar (TSX: LNR) mentioned strong fourth-quarter earnings today (March 11) as its surging business production business offset softer demand for automobile parts in Europe and Asia. Linamar, Canada’s second-largest auto components maker, mentioned C$1.7 billion in sales within the fourth sector of 2018, a ten percent boom, and earnings of C$171.1 million, an eight.2 percentage increase.
(A Canadian greenback currently is valued at US$0.75.) It capped off a filing year for the Ontario-primarily based organization, which stated C$7.6 billion in sales and earnings of $C1.18 billion. “We are thrilled to supply every other report year at Linamar,” said CEO Linda Hasenfratz. We preserve to look report levels of opportunity and marketplace share growth in our transportation enterprise thanks to evolving technology so well aligned to our abilities.”
Sales from Linamar’s industrial section extended by using sixty-nine .7 percent within the fourth region, to C$353.Four million, driven largely using the purchase of the Canadian harvesting-gadget maker MacDon, which helped bolster its earnings. Sales from its transportation phase multiplied with the aid of 0.8 percent or C$12.3 million. Linamar noted marketplace declines in Europe and Asia.
“It’s brilliant overall performance thinking about enterprise situations,” Hasenfratz said throughout a name with market analysts. The enterprise said it expects to peer a single-digit increase in 2019, and it said it predicted softer demand in Europe and Asia, especially China. Linamar operates a trucking and logistics enterprise, although it does not escape its overall performance in its financial reports.
“We are thrilled to deliver another report yr at Linamar,” stated CEO Linda Hasenfratz. We preserve to see document ranges of opportunity and marketplace proportion growth in our transportation business way to evolving technology so well aligned to our skills.”
Sales from Linamar’s industrial phase elevated through 69.7 percent inside the fourth zone, to C$353.Four million, driven in heavy component by way of acquiring the Canadian harvesting-system maker MacDon, which helped bolster its earnings. Sales from its transportation section increased by 0.8 percent or C$12.3 million. Linamar cited marketplace declines in Europe and Asia. “It’s brilliant overall performance thinking about enterprise situations,” Hasenfratz said throughout a call with marketplace analysts.
The employer said it expects to look single-digit increase in 2019, and it said it anticipated a softer call in Europe and Asia, specifically China. Linamar operates a trucking and logistics business, although it no longer breaks out its overall performance in its financial reviews.
