Automotive News Europe - August 2019 - 38

AUTOMOTIVE NEWS EUROPE

 

DATA

Ferrari leads in volatile Q2
JOHN STANLEY

The big picture

T

Total shareholder return for automotive sectors vs. other averages; percentage change per period

jsstanley@crain.com

he shareholder value of Europe's automakers increased
by 6 percent in the second three months of this year, according to the latest Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices. The biggest gain, by far, was enjoyed by Ferrari, which
improved nearly 22 percent.
While this was the second quarter in a row in which automakers showed an improvement, it represented a slowdown
on the 9.7 percent recorded in the first three months. The
increase, however, was in line with the stock market.
Parts suppliers also remained in positive territory for the
second quarter, although the gain of 1.3 percent was also a
slowdown on the 8.9 percent recorded in Q1. It was a similar story for Europe's auto engineering firms, which gained 2
percent in Q2 compared with a 10.9 percent gain in the first
three months.
Among automakers, Ferrari again recorded the biggest improvement, following its 34.6 percent increase in Q1 with a
21.6 percent gain in Q2. The Italian sports car maker is continuing to benefit from positive investor sentiment, which has
driven its share price up by about 75 percent since the start
of this year. Elsewhere, automaker gains in the second quarter were more modest, ranging from 7.4 percent for Volkswagen to 0.4 percent for Daimler, while Renault showed a very
slight 0.1 percent fall, as did BMW, down 1.1 percent in Q2.
The number of suppliers recording declines in shareholder value in Q2 exceeded those showing gains. Against the general
trend, the Swiss-headquartered noise control and thermal insulation specialist Autoneum, which was one of the big losers
in the sector in Q1 with a decline of 22.1 percent, recovered
nearly all the ground lost through a 26.3 percent gain in Q2.
In the engineering sector six companies showed an improvement in Q2, while the number showing declines doubled to
four. The best performance was by British powertrain specialist Ricardo, up 18 percent. ANE

Engineering firms
Total shareholder return for European engineering companies;
percentage change per period
Ricardo
Edag
Alten
Assystem
Sogeclair
Akka Technologies
PwC SVI
Altran
Semcon
Pininfarina
Bertrandt

38

Q2 2019
18.0%
12.9%
10.8%
9.0%
9.0%
7.2%
2.0%
-1.5%
-2.6%
-33.8%
-50.1%

www.autonewseurope.com

1 year
-18.5%
-16.5%
26.1%
-30.0%
-36.6%
-18.5%
-12.7%
6.1%
2.2%
-53.0%
-51.6%

3 years
10.4%
-1.5%
-14.6%
-36.4%
54.1%
1.5%
6.3%
8.6%
82.2%
8.2%
-50.6%

European automakers
European engineering
European suppliers
DAX 30
CAC 40
EURO STOXX 50
FTSE 100

Q2 2019
6.0%
2.0%
1.3%
7.6%
6.2%
6.1%
3.3%

1 year
0.5%
-12.7%
-24.6%

3 years
60.8%
6.3%
12.7%

0.8%
7.6%
6.0%
1.6%

28.1%
44.2%
34.7%
29.1%

Suppliers
Total shareholder return for European automotive
suppliers; percentage change per period
Autoneum
Valeo
Akwell
Faurecia
Hella
Polytec Holdings
Brembo
Aptiv
PwC SVI
Melrose
Plastic Omnium
Continental
Schaeffler
Autoliv
Grammer
Elringklinger
Leoni
Sogefi
Kongsberg
Veoneer

Q2 2019
26.3%
16.4%
13.8%
13.0%
9.7%
7.7%
2.4%
2.0%
1.3%
0.3%
-0.7%
-1.1%
-3.1%
-3.2%
-6.2%
-10.1%
-16.7%
-18.9%
-19.5%
-24.3%

1 year
-37.5%
-35.8%
-37.2%
-30.7%
-7.3%
-25.3%
-10.7%
-10.8%
-24.6%
-13.0%
-34.9%
-32.7%
-37.0%
-29.5%
-45.4%
-51.1%
-66.9%
-51.8%
-33.8%
0.0%

3 years
-33.3%
-21.8%
-17.6%
52.4%
59.9%
31.1%
8.2%
60.0%
12.7%
137.5%
-3.9%
-19.3%
-36.2%
-2.1%
-6.0%
-67.8%
-39.5%
-5.2%
13.7%
0.0%

Automakers
Total shareholder return for largest European automakers;
percentage change per period
Ferrari
Volkswagen
Fiat Chrysler
PwC SVI
Peugeot
Daimler
Renault
BMW

Q2 2019
21.6%
7.4%
7.1%
6.0%
3.1%
0.4%
-0.1%
-1.1%

1 year
20.6%
10.0%
-13.0%
0.5%
14.6%
-5.3%
-19.2%
-12.3%

3 years
304.3%
32.4%
159.8%
60.8%
118.0%
6.8%
-6.5%
11.7%

AUGUST 2019
http://www.autonewseurope.com
Automotive News Europe - August 2019

Table of Contents for the Digital Edition of Automotive News Europe - August 2019
