4 Aug 2022

Automotive technology company Lear Corporation has reported its second quarter 2022 financial results, showing a return to sales growth after a weak first quarter.

 

 

After sales fell by 3% year-on-year in the first quarter of the year, the company has reported growth of 7% in the second quarter to US$5.1 billion.


Lear, which owns international automotive leather maker Eagle Ottawa, achieved net income of US$69 million and adjusted net income of US$107 income in the period, compared with US$175 million and US$148 million in the same period in 2021.


Notably, during the quarter, Lear acquired Thagora Technology, a company specialising in material utilisation hardware and software technologies.


To read the rest of this story on Lear, click on ILM – Lear growth in Q2

About APLF

We bring leather, material and fashion businesses together: an opportunity to meet and greet face to face. We bring them from all parts of the world so that they can find fresh partners, discover new customers or suppliers and keep ahead of industry developments.

 

We organise a number of trade exhibitions which focus on fashion and lifestyle: sectors that are constantly in flux, so visitors and exhibitors alike need to be constantly aware both of the changes around them and those forecast for coming seasons.

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