Fourth-quarter revenue from Aptiv’s advanced safety and user experience unit was about flat from a year ago, at $1.12 billion. A 7 percent gain in active safety revenue was offset by a 6 percent decline in revenue from its user experience business, which the company attributed to supply woes in Europe.
Revenue from Aptiv’s signal and power solutions unit fell 2 percent from a year earlier to $3.03 billion.
North American sales slipped 2 percent from a year earlier, while sales in Europe dipped 14 percent. The company reported 5 percent growth in revenue in Asia, including a 9 percent gain in China.
Full-year results, forecast
On the year, Aptiv reported net income of $527 million, down from $1.77 billion in 2020, even as revenue surged 20 percent to $15.6 billion.
Aptiv expects net sales of between $17.7 billion and $18.1 billion in 2022. It forecasts adjusted earnings before interest, taxes, depreciation and amortization of between $2.4 billion and $2.7 billion, up from about $2 billion in 2022.
The company’s 2022 guidance does not include the acquisition of Wind River.
