WABCO Holdings Inc.
NYSE : WBC

WABCO Holdings Inc.

April 21, 2011 08:00 ET

WABCO Raises Rate of Sales Growth Expected to Outperform Market Growth Through 2015; Wins $630 Million in New Business in Past Four Quarters

BRUSSELS, BELGIUM--(Marketwire - April 21, 2011) - WABCO Holdings Inc. (NYSE:WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that the company expects its total sales growth from 2011 through 2015 to outperform growth driven by global commercial vehicle production by a compound annual growth rate (CAGR) of 8 to 10 percent, compared with its previously disclosed CAGR of 4 to 6 percent for sales in excess of market growth. WABCO now expects its sales to grow from 2011 through 2015 by a CAGR of 4 percent more than previously communicated.

From Q2 2010 to Q1 2011, WABCO has entered into contracts with customers globally totaling $630 million of expected cumulative incremental business from 2012 through 2016. It represents new incremental business for the five-year period, separate from replacement and renewal of existing contracts. The new business comprises orders largely for WABCO technologies for air compression, braking systems and products for vehicle dynamics systems on commercial vehicles. WABCO has also signed new contracts to supply components for passenger cars.

"Looking ahead, we expect continued growth in WABCO content per vehicle in developed markets. We see even more significant growth in our content per vehicle in emerging markets, particularly in Asia, and we expect that emerging markets will continue to account for an increasing share of WABCO's total revenues, allowing us to strongly outperform the evolution of the global market," said Jacques Esculier, WABCO Chairman and Chief Executive Officer.

"Looking at customer contracts so far, we see incremental revenues of $630 million from 2012 through 2016 which marks a surge of 37 percent in WABCO's new business growth for the next five years, compared with a year ago," said Esculier. "Nearly half of this new business is rooted in Asia, particularly in China and India, reflecting substantially higher demand for WABCO content per vehicle."

About WABCO

WABCO (NYSE:WBC) is a leading supplier of safety and control systems for commercial vehicles. For over 140 years, WABCO has pioneered breakthrough electronic, mechanical and mechatronic technologies for braking, stability and transmission automation systems supplied to the world's leading commercial truck, trailer and bus manufacturers. With sales of $2.2 billion in 2010, WABCO is headquartered in Brussels, Belgium. For more information, visit www.wabco-auto.com.

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