Strong New Business Awards
Gentherm secured $640 million of Automotive New Business awards in Q4 and $2.4 billion for the full year 2024, driven by increased adoption and strong market acceptance of innovative technologies.
Pneumatic Solutions Growth
The Pneumatic Solutions products delivered 20% revenue growth in 2024, supported by new business awards and technology adoption.
Medical Segment Performance
Record financial results in the Medical segment were driven by the expansion of the global partner network, with a 9% revenue increase ex-FX in Q4.
Strategic Footprint Optimization
Gentherm plans to reduce its operational footprint by 30% while maintaining necessary capacity, aiming for improved margins and cash flow generation.