Seating segment drives Lear group growth: quarterly sales go up by 10%

In the third quarter sales went up by 10% on annual basis, up to 5 billion dollars. Such outstanding sales performance, along with remarkable incomes (net revenues up by 38%, net profits increasing by 12%, as margins moved up from 8% to 8,2%), enables Lear Corporation, top manufacturer of leather for car interiors, to upgrade their expectations on the business year balance. On the whole, revenues coming from 2017 sales will increase up to 400 million dollars compared to last year. Seating segment (whose turnover amounts to 3,8 billion dollars) joins the winner, as their sales increase by 8,1% and profit margins go up by 7,7%.


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