Johnson Electric (179) Q1 24/25 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 24/25 earnings summary
13 Jun, 2025Executive summary
Group sales for Q1 FY24/25 were US$935 million, down 2% year-over-year; currency effects accounted for most of the decline.
Automotive Products Group (APG) sales were flat at US$788 million; excluding currency, APG sales rose 1%.
Industry Products Group (IPG) sales fell 10% to US$147 million, mainly due to weak demand and excess inventory in EMEA and Americas.
Financial highlights
Total sales decreased by US$19 million compared to Q1 FY23/24.
Exchange rates had an unfavorable US$8 million impact on sales.
IPG contributed approximately 16% of total sales.
Outlook and guidance
Automotive sector sales are stabilizing after a prior year rebound; APG remains resilient with ongoing innovation.
IPG faces a challenging near-term outlook due to low consumer confidence and cautious discretionary spending.
Management is focusing IPG resources on high-growth segments and optimizing costs in commoditized areas.
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