Hardware and software vendor platform Aptiv said revenue in the first quarter of 2022 rose 4% to $ 4.2 billion after growing 9% in Asia (which includes 14% in China), 7% in North America and 24% in South America, which is partially offset by a 5% decline in Europe.
Net income of $ 73 million and earnings of $ 0.27 per share compared to $ 279 million and $ 1.03 a year earlier.
Operating profit was $ 324 million versus $ 474 million.
“We had a strong start to the year, growth in the first quarter was better than expected, underscoring the strength of our product portfolio in other challenging environments,” said Kevin Clark, Chairman and CEO.
https://www.just-auto.com/news/aptiv-profit-falls/
