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BERYLLS TOP 100: THE WORLD’S 100 BIGGEST AUTOMOTIVE SUPPLIERS IN 2019.
Munich, July 2020 | Topic: Supplier & Supply Chain
REVENUES UP, PROFITS DOWN. THE TOP TEN SEEM CEMENTED, LARGE SUPPLIER GROUPS ARE BREAKING AWAY IN THE TRANSFORMATION.
In 2019, the 100 largest global automotive suppliers were once again able to increase their sales. Their combined turnover reached almost 918 bn euros. This represents a respectable increase of +4.3 percent in an otherwise difficult year.
The earnings decline over the recent years has intensified; after 8.7 percent in 2017, 7.5 percent in 2018, an average margin of only 6.0 percent was achieved in 2019.
The German suppliers were hit particularly hard, and in addition to slightly reduced sales, a massive earnings decline had to be digested. In 2018, the margin of the German suppliers publishing their results was an above-average 9.1 percent, but in 2019 it had shrunk to 2.5 percent.
The transformation of the automotive world by CASE has accelerated in 2019 and will continue in 2020. This leads to persistent investment pressure for all automotive suppliers around the world.
Covid-19 and an uncertain economic outlook have made car sales plummet across the globe in early 2020 and require restructuring measures for automotive suppliers. This leads to a double burden of investment pressure and crisis management driving the management agenda.