Benefits BogeWarner boosted by 12.6% year-on-year in the first quarter

BorgWarner recently announced its first-quarter financial report. Its operating income climbed from US$1.85 billion in the same period of last year to US$2.08 billion, a year-on-year increase of 12.6%. The company is the world's largest supplier of turbocharged products, while Ford and Hyundai and other car companies are increasingly adopting turbocharger technology in order to meet increasingly stringent emission regulations.

BorgWarner unveiled 2014 Beijing Auto Show

The operating profit of BorgWarner last quarter reached US$233 million, an increase of 17.5% year-on-year; net profit available to shareholders of the company increased from US$140 million in the same period last year to US$159 million, an increase of 12%.

In addition, BorgWarner also raised its forecast for the full year this year, increasing its operating income growth forecast from 7% to 11% to 12% to 15%, mainly because the company completed the first quarter of this year. For the acquisition of German EGR technology expert Gustav Wahler.

Initially, BorgWarner announced the acquisition on December 20, 2013. The company has not yet announced the amount of the transaction, and market analysts had previously estimated that the transaction amount is expected to be the same as Wahler's annual operating income. Quite, about 350 million US dollars.

News original title: BorgWarner Q1 net profit rose 12% raised its full-year earnings forecast

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