In February 2013, the component supplier Dana Holding Group announced that its net sales in the fourth quarter of 2012 and worldwide declined, but all of the net profits increased.
In the fourth quarter of last year, Dana’s net sales reached US$1.61 billion, a year-on-year decline of 16%. Fourth-quarter net profit reached US$93 million, an increase of 24% from US$75 million in the fourth quarter of 2011.
Among all business units, Dana light vehicle powertrain sales fell 8.5% year-on-year to US$620 million; power technology business sales fell 4% to US$240 million; commercial vehicle sales fell 26.2% year-on-year. To 425 million US dollars; non-road vehicle parts sales fell 17% year-on-year to 320 million US dollars.
Dana’s total net sales in 2012 reached US$7.22 billion, a 4.2% decrease from the US$7.44 billion in 2011. The total net profit for the year totaled US$315 million, a surge of 35.8% from US$232 million in 2011.
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