BMW, Leoni, Plastic Omnium, Bilia, Lookers tops in shareholder value
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MONTE CARLO -- BMW, French front-end maker Plastic Omnium, German wiring supplier Leoni, and retailers Bilia of Sweden and Lookers of the UK have bucked the downward trend in the global market.
For defying the downturn, particularly in Europe, the five companies were recognized at the Automotive News Europe Congress in Monte Carlo on Thursday as leaders that have increased their value to shareholders in the last 12- and 36-month periods.
BMW topped all other European automakers by increasing its shareholder value 17 percent in the past 12 months and by 222 percent over the past three years, according to the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Index.
Overall, the European auto sector generated a 1 percent increase in the last 12 months and a 35 percent gain in shareholder value over a three-year period.
A big reason for the gain has been the automaker's rising demand in China, which is now BMW's top sales market ahead of the United States.
Leoni leads the way
Leoni, which is the largest automotive wiring supplier in Europe, saw its shareholder value increase 31 percent in the last 12 months. That gain was more than six times better than the average for the European supplier sector, which grew 5 percent in the period.
Last year's winner in the supplier category, front-end specialist Plastic Omnium, kept its lead over the three-year period, with a shareholder value that increased 1056 percent, according to the ANE/PwC index. By comparison, the shareholder value increase for the European supplier sector during the period was 275 percent.
Among European dealer groups, Bilia has a strong history of success, having received seven of the 24 retailer awards for shareholder value in the sector in the last 12 years.
The Swedish company rose above the rest with a shareholder value rise of 711 percent in the last 36 months, compared with a 165 percent gain for the sector. UK-based Lookers was the leader among shareholder value for European dealer groups over the past 12 months with an increase of 16 percent, compared with a sector average for the period of -1 percent, according to the ANE/PwC index.
You can reach Douglas A. Bolduc at dbolduc@crain.com.
