TI Fluid Systems, a leading car-fluid-storage manufacturer based in the UK, is making strategic changes to its organizational structure to ensure it remains customer-centric and adaptable in the rapidly evolving electric vehicle market. The company has established new regional divisions for the Americas, Europe and Africa, and Asia-Pacific, replacing its current product line structure.
By transitioning to a geographic organization from January 1st, TI Fluid Systems aims to effectively address the varying pace of transition to electric vehicles in different regions. This move will enable the company to better align itself with customers and meet their specific needs.
The company has set ambitious targets for future revenue growth. With a focus on constant currency basis, TI Fluid Systems aims to achieve revenue in the range of 3.8 billion euros ($4.02 billion) to EUR4.2 billion by 2026 and surpass EUR4.5 billion by 2030.
Moreover, TI Fluid Systems is committed to restoring its double-digit adjusted earnings before interest and taxes (EBIT) margin in the medium term. The company plans to achieve this through increased market volume, enhanced commercial effectiveness, and sustained productivity improvements.
TI Fluid Systems' recent announcement has been well-received by investors, with shares experiencing a 2.4% increase at 0747 GMT.
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