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Dana expects 2011 sales to increase 25% year-on-year
Dana, a US parts supplier, recently announced its sales forecast for 2011 and its 2012 sales target.
Dana expects sales in 2011 to be 7.6 billion U.S. dollars, up 25% year-on-year; adjusted EBITDA will be 765 million U.S. dollars; adjusted earnings per share will be 1.6 U.S. dollars. Capital expenditure is 190 million U.S. dollars; free cash flow is 175 million U.S. dollars.
For 2012, Dana expects sales to increase by at least 5% year-on-year, before the adjusted EBITDA of between $845 million and $865 million, and adjusted earnings per share from $1.95 to $2.05. Capital expenditures range from $225 million to $250 million and free cash flow is $200 million.