WABCO Wins $1 Billion in New Business in Past Four Quarters, Including $620
Million Through 2018; Confirms Sales Growth Rate Is
Expected Long Term to Outperform Market Growth
BRUSSELS, BELGIUM -- (Marketwired) -- 04/16/14 -- WABCO Holdings
Inc. (NYSE: WBC) (www.wabco-auto.com), a leading global supplier of
technologies to improve the safety and efficiency of commercial
vehicles, today announced that from Q2 2013 to Q1 2014 the company
has entered into contracts with customers globally totaling $1
billion of expected cumulative incremental business, including $620
million from 2014 through 2018, up from $548 million reported a year
ago for the period from 2013 through 2017.
These contracts represent new incremental business, separate from
replacement and renewal of existing contracts. It comprises orders
for WABCO technologies and products that improve vehicle safety and
efficiency, mostly in braking systems, air management and vehicle
dynamics systems on commercial vehicles.
"This new business significantly drives WABCO's ongoing ability to
generate sales growth beyond expansion of the global market for new
trucks and buses," said Jacques Esculier, WABCO Chairman and Chief
Executive Officer. "Economic conditions permitting, WABCO expects
that its sales growth will continue to outperform market growth of
truck and bus production by a compound annual growth rate of 8 to 10
percent through 2018 and beyond."
"WABCO's new contracts increase sales by $1 billion, including $620
million through 2018, reflecting a significant contract to supply
braking systems globally at a major multinational commercial vehicle
manufacturer, market share growth and higher demand for WABCO content
per vehicle, with approximately 40 percent of this new business
anchored in emerging markets such as China, Russia, Brazil, Turkey
and India," said Esculier. "As we repeatedly say, WABCO expects to
continue long term to outperform the global market's evolution for
new commercial vehicles, particularly in emerging economies."
WABCO (NYSE: WBC) is a leading global supplier of technologies and
control systems for the safety and efficiency of commercial vehicles.
Founded nearly 150 years ago, WABCO continues to pioneer breakthrough
electronic, mechanical and mechatronic technologies for braking,
stability and transmission automation systems supplied to the world's
leading commercial truck, bus and trailer manufacturers. With sales
of $2.7 billion in 2013, WABCO is headquartered in Brussels, Belgium.
For more information, visit www.wabco-auto.com.
Media, investors and analysts contact
WABCO Holdings Inc.
+1 732 369 7465
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