Skip to main content

Webasto Posts Losses in FY 2021, Q1 of 2022


OEM and aftermarket manufacturer Webasto said it posted losses again last year while in the midst of a large investment in the Americas region and a decline in revenue from China.

Annual sales rose 12.2 percent to €3.7 billion ($3.9 billion), Webasto said in an earnings summary yesterday. Profit margin for 2021 was a negative 3.9 percent, compared with a negative 2.1 percent for 2020.

“We still successfully countered the ongoing pandemic, semiconductor bottlenecks and exploding material costs last year, and further investments in the future were also factored in,” said Holger Engelmann, chairman of Webasto’s management board. “But one single, extremely challenging, technological, innovative major project of highly strategic importance for the Americas region meant that we again had to absorb a negative result.”

Earnings before interest and taxes remained negative in the first quarter of 2022, Germany-based Webasto stated. Therefore, the company said, it is engaging in a more intense cost-management program. Sales in the quarter rose, however, by 5.4 percent. Electromobility systems grew to approximately 20 percent of the order backlog.



ASA Names New Board Members

The American Sportfishing Association filled two at-large seats and two regional seats on its board of directors


Dammrich, Hopkinson Partner With Marine Resources Recruitment

The industry veterans will help clients fill executive-suite, marine industry job openings around the world


DEALERS: How Was Business in the First Half of 2022?

With the second quarter coming to a close, was there parity between the budget and financial performance in the first six months? Take the Pulse Report survey here


Passagemaker Relaunches Podcast

Trawler Talk aims to connect with those who are interested in the cruising lifestyle, with episodes dropping every other week


Aquila Celebrates 10 Years

The builder said it has sold more than 500 power cats and is the No. 1 brand in that segment.


Commerce Department Appoints Fishery Council Members

The Center for Sportfishing Policy said the new members are favorable to the recreation sector


Doing Good for a Good Night’s Sleep

The Massachusetts Marine Trades Association partnered with “A Bed for Every Child” to build beds for families in need.


RBFF Adds Six Board Members

The foundation said the board members add a breadth of experience from the fishing and boating industries as well as state government agency work.