Feb 6 (Reuters) - Aptiv PLC APTV.N forecast 2025 profit above analyst estimates on Thursday on the back of steady demand for its automotive parts and supplies and as cost-cutting measures pay off, sending its shares up more than 6% in premarket trading.
The Dublin-based company expects its adjusted profit per share for 2025 to range from $7.00 to $7.60, exceeding analysts' estimates of $6.92 per share, according to data compiled by LSEG.
Aptiv said its operating income increased in the fourth quarter year-on-year, as it saw benefits from improved operating performance and cost reductions which it had implemented last year .
Growing demand for software-driven vehicles and autonomous features like lane-keep assist have boosted orders for companies like Aptiv, which specializes in manufacturing parts and components for electrified vehicles.
Last month, the company, which supplies major automakers including the Detroit Three and Volkswagen AG VOWG.DE, said that it would spin off its electrical distribution systems business into a new company, as it looks to focus on its advanced driver-aid technology.
Its net income fell to $268 million, or $1.14 per share, for the quarter ended Dec. 31, compared with $905 million, or $3.22 per share, a year earlier.
Analysts on average expected the company to report $1.65 per share, according to data compiled by LSEG.
(Reporting by Nathan Gomes and Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)
((Nathan.Gomes@thomsonreuters.com;))
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