SOUTHFIELD, Mich. – Superior Industries International has announced its outlook for 2015.
Based on the current economic and market outlook, Superior expects to report net sales in the range of $725 million to $800 million. EBITDA (earnings before interest, taxes, depreciation and amortization) margins are expected to increase 100 to 200 basis points in 2015.
Value-added sales, which primarily removes from net sales the value of aluminum that is passed through to customers, is expected to be in the range of $325 million to $360 million. EBITDA margins measured as a percentage of value-added sales are expected to increase 350 to 500 basis points.
Capital expenditures for 2015 are expected to approximate $40 million, significantly lower than 2014 when the company was investing in the completion of its new manufacturing plant in Mexico. Working capital is expected to be a net use of approximately $10 million for fiscal year 2015.
“2015 will be an important year for our company as we move toward full production capability in our new Mexican facility, continue to deliver high quality product and innovative ideas, while improving operational and administrative efficiencies,” said Don Stebbins, president and CEO of Superior Industries. “We are confident our investments in the business combined with our focus on operational excellence will allow us to reach double-digit EBITDA margins by 2017.”
Based on IHS projections, the company expects North American light vehicle production to grow approximately 2.2 percent to 17.4 million units in 2015.
