* Full-year series production set to increase by more than 10%
* Full-year operating result set to increase by more than 30%
* Production gains led by 30% increase in commercial vehicles
[Stockholm, 23 December 2014] - Buoyed by the continued ramp-up of commercial
vehicle engine components, the start of production of two undisclosed heavy duty
engine programmes, and improving economic conditions in key sectors, SinterCast
is set to finish 2014 with record series production and record revenue. While
full-year commercial vehicle production is set to increase by approximately
30%, passenger vehicle engine production remained the largest sector, accounting
for approximately 55% of the total volume. Further growth is expected in the
passenger vehicle sector as the industry's first high volume CGI petrol engine,
debuting in North America's best-selling vehicle, is poised to ramp-up up
through 2015 and beyond. Although December foundry shutdowns traditionally
result in lower volume, series production for the full year is expected to
finish more than 10% above 2013. The growth in series production has resulted
in a 12% increase in Sampling Cup shipments, contributing to an expected 5%
increase in total revenue and yielding a new revenue record for the company. The
operating result is expected to increase by more than 30%.
"Following three consecutive years of record installations, installation
announcements were quieter than normal and, largely as a result of changing OEM
policies regarding supplier information, new CGI engine announcements were also
quieter than normal. But, behind the scenes, we were busy supporting customer
activities, promoting new CGI applications, adding technical resources,
developing new technologies, and, setting records" said Dr Steve Dawson,
President & CEO of SinterCast. "We finish 2014 knocking on the doorstep of the
two million Engine Equivalent milestone and looking forward to the potential of
the year ahead."
For more information:
Dr Steve Dawson
President & CEO
Tel: +46 8 660 7750
e-mail: steve.dawson@sintercast.com
SinterCast is the world's leading supplier of process control technology for the
reliable high volume production of Compacted Graphite Iron (CGI). With at least
75% higher tensile strength, 45% higher stiffness and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows engine
designers to improve performance, fuel economy and durability while reducing
engine size, weight, noise and emissions. With 39 installations in 12 countries,
the SinterCast technology is primarily used for the production of petrol and
diesel engine cylinder blocks and exhaust components for passenger vehicles;
medium-duty and heavy-duty cylinder blocks and heads for commercial vehicles;
and, industrial power engine components for marine, rail, off-road and
stationary engine applications. SinterCast's series production components range
from 2 kg to 9 tonnes, all using the same proven process control technology.
The SinterCast share is quoted on the Small Cap segment of the Stockholm NASDAQ
OMX stock exchange (Stockholmsbörsen: SINT). For more information:
www.sintercast.com
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