Currency ImpactThe increase in the Euro versus the US Dollar could result in GTX’s sales rising by as much as $100 million compared to if the Euro was at $1.05.
Sales PerformanceGTX reported lower sales for the first nine months of 2024, leading to an anticipation of difficulty in achieving a slight sequential increase in sales in the fourth quarter due to the sharp decline in the Euro against the US Dollar.
Trade UncertaintiesGTX has less than 20 percent exposure to the USA and much of it is in the form of commercial vehicles, leaving GTX less exposed to the trade uncertainties in the USA.