Superior Industries International Inc. Reports Increased Net Income and Earnings Per Share for Fiscal Year 2024; Sales Remain Steady

Reuters
Jul 19
Superior Industries International Inc. Reports Increased Net Income and Earnings Per Share for Fiscal Year 2024; Sales Remain Steady

Superior Industries International Inc. has released its financial results for the fiscal year ending December 31, 2024. The results indicate a significant operational activity through its European unit, Superior Industries Europe AG $(SEAG.UK)$, which functions as an operative holding company for various subsidiaries. In 2024, SEAG employed an average of 39 employees, a decrease from 61 in the previous year. SEAG, a leader in the European market for high-quality aluminum wheels for passenger cars, operates in two main segments: the Automotive sector as a major supplier to the automotive industry and the Accessory sector as a market leader in the European aftermarket for light alloy wheels. The company's financial performance is largely influenced by profit or loss transfers from its subsidiaries due to its role as a holding company. The specific financial indicators for SEAG are centered around the annual result before profit transfer. However, detailed figures regarding sales, net income, or earnings per share are not explicitly mentioned in the report. The leadership of SEAG includes Daniel Lee, Vice President of Finance; Michael Dorah, Executive Vice President and Chief Operating Officer since January 1, 2024; and Dorota Piwkowska-Szyjka, Vice President of Finance and CFO Europe, who joined on March 21, 2024. The company continues to focus on its strategic and operational responsibilities within its consolidated group framework.

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