Global Automotive Supplier Study 2013
The average profitability of the global automotive supplier industry remains stable at an astonishingly high level: 6.5% EBIT margin for 2012 and for 2013. The most profitable sectors for suppliers are chassis, powertrain and tires, whereas the interior business in particular saw a further decline in margins. Industry prospects remain reasonably positive for the coming years, with stable EBIT margins of approximately 6% possible. However, business complexities and risks continue to increase, keeping up the pressure on the individual suppliers over the next few years. These are the key findings of the "Global Automotive Supplier Study 2013".
"The global supplier industry managed to stabilize average profitability in 2012 at a high level of 6.5% EBIT margins – this is only slightly below the record set in 2010," says Felix Mogge from Roland Berger Strategy Consultants. And assuming that the last quarter of this year does not see any major crises, the same level of profitability will be seen throughout 2013. "This performance is remarkable given the current market challenges, especially the ongoing weak volumes in many European sales markets," adds Dr. Eric Fellhauer from Lazard.
There are several key drivers of this stable situation: car production, which is still strong when viewed from a global perspective; a favorable segment mix; an even higher vehicle technology level; better capacity utilization worldwide and moderate development in raw material prices.