LONDON (ShareCast) - (Sharecast News) - Automotive fluid technology company TI Fluid Systems updated the market on its trading for the year ended 31 December on Monday, saying it anticipated its results would be in line with the expectations it outlined in its third quarter update on 8 November.
The FTSE 250 firm expected to report revenue of around €3.5bn for the year.

On a constant currency basis, it expected its 2018 revenue growth to exceed growth in global light vehicle production by approximately 3.0%.

As it had previously anticipated, the 2018 adjusted EBIT margin was set to be "broadly in line" with 2017.

Adjusted free cash flow for the year was now anticipated to exceed expectations, as a result of strong cash generation in the second half.

"We remain confident in the group's ability to outperform global light vehicle production volume growth on a constant currency basis, maintain high margins and generate strong cash flow," the TI Fluid Systems board said of its outlook.

"We will provide our 2019 outlook with our full year 2018 results."

TI Fluid Systems said it would publish its full year results on 20 March.

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