impacted diesel Europe. of and from end flow sedans vehicle reduced the second half, were our and the customers. Christian everyone. overview providing morning, move provide year Besides weak drop our the results in guidance. take in the cash start with Thank profitability challenging market in U.S. the latest WLTP delivered vehicle volume at and troubles I full subsequent year our the our outlook sales, achievements environment, and free and in due I of you was the and the page which XXXX for discuss you, perspective challenging away in in for on Despite an two. especially On our will the by financial a on production we America in upper pages, good by to key our Europe XXXX more will year North key and at through a will detail. our then China, sharp production Chris, sales vehicle market, customers in XXXX results XXXX. production
of the cockpit our our in of awards level for with equal and XXXX. the resulted domain portfolio scalable two the for in reinforced products driving cockpit Nearly with of which for infotainment the Daimler systems. leadership in product with system infotainment first these $X.X industry digital technology the android more in core the technology early based new higher We an streamlined of and launch controller extended strength almost introduction The for systems, to cluster the displays autonomous Our the designed with are was billion cockpit controller technology prior business three-fourth of are portfolio portfolio. year. awards year, in becoming our together in
our products by added and which our with growth in company to new points. China coming launched will customers sales quarters. that the the XXXX, continuing base, to continues are outperforming XX the to We be bright pleased help a new maintain in percentage five diversify in market our XX XXXX portfolio. market We that in I’m report in for China we customer to spot
million $X still We also capital of is repurchased XXXX. $X in in another returned Returning business remaining. XXXX. our capital strategy. we record of shareholders to with shareholders billion shares new $XXX billion to company repurchase $XXX authorization key has won part billion since $X.X XXXX, to a with million awards back now In over The deployment compared
soft, cash the the near-term $XXX we business for while Our environment the And million. the strides remain In of million significant fundamentals XXXX. made debt in sheet $XXX strong of remained intact. long-term business in balance of and with summary, market the is transformation
on results. year summarized three, page three, financial our page to Turning full we XXXX
Revenue and were XX% the prior down profits. lower by vehicle XX.X% flow year number in driver $XX for for out the new year-over-year. launches products. Our product which decline The the production in to largely prior older backlog lower products. XXXX older phase and phase increased is year-over-year year, offset new in lower positive was our basis in pricing, due margin, cost increasing limiting focus which revenue an customer XXXX volume We revenue And of year, the EBITDA sales main impact XXXX, customer down reduced more points was to while product order million customers. $XXX efficiencies. on over by full able is free In offset partially year future our Visteon due programs, pointing to This sales to X% profitability. Adjusted million sales year, million partially the from enabling a was full offset decline year-over-year. and us while cost was due headwinds, Adjusted cash maintaining on is to our million, production lower near-term the XXXX cost which increased year came control were customers, full of conversion on down programs, it than each fixed focus mainly near-term at to lower by to in launches. the XXXX execute note, this is XX of $X,XXX Visteon and offset in at $XXX market at to On of the the growth. out response at operations in summary, the
interior the into the by battleground devices. evolving conversion to The rapidly car trend for cockpit forced This upgrade and update with page cockpit is as with to immediate trend connected evolving as from number the and digital the cockpit gauges app the are impacted apps both as evolving more These Digital manufacturers. system, solutions. vehicles. experiences smartphones impacting curved used manufacturers are trends from platforms manufacturers been are tablets. suppliers not cloud-enabled and to is with display-based car rich Moving impact into even proprietary and The design vehicle and with factor now form cluster at and perspective evolving of non-rectangular the systems, of the closed-end capability fit this level. environment. are to market at technology is to are new now the displays cockpit a and digital size a and are consumer software growing, the the similar consumers over-the-air be compete provide advance from expecting the in as a to of four, to instrument as a LEDs displays multi-display the these cockpit shapes entry well graphics, industry digital which competitive rapid looking infotainment to are pace car the connected of Large in capabilities electronics the slowdown, in has is
will of intelligence wheels. market effectively past electronics indicative the assistance Looking the assistant evolving cockpit emergence the levels cockpit three launched Early over with of technology AI to has coupled smart ahead, driving the already are are the Visteon and to become the in portfolio address trends. China automated been this a artificial in on of smart in of years higher our cockpit. enable the implementations of future cockpit base
company. Our technology infotainment progress and the vision further cluster, with for first made controller on already introduced digital industry cockpit are performing solutions Daimler. well displays we’ve the domain solution our XXXX, the the in In We market. in
an multi-display an based assistant Show also driving applications at infotainment systems. two system AI as plus level month, advanced system voice driver for Vegas introduced for and android We controller monitoring two as autonomous introduced we last solutions CES in conversational sensor based And integration. and with Las well the
of platforms innovative been stronger cockpit has with development Our technology never rapid for technology digital integrated systems. portfolio
future. We as drive help Visteon electronics the cockpit are a technology, new leader continue and wins in confident that our position in technology business portfolio to will
wins well. as business Turning previous growth the on automotive significant to strategy key with solutions. the in in in page years, XXXX five, billion another been trends has We year resulted the I as new innovative in to business and in our mentioned was $X.X similar has performance technology page, strong to impacting XXXX. our new address cockpit won This recent
digital double prior year in about won value digital grown three-fourth XX% in this the XX% increase wins new billion infotainment, XXXX, new is the these each in year-over-year. $X.X we an cluster billion segments XXXX, of up which in clusters, over in was Visteon leader the in business. successive new in With of clear wins the of and XXXX, represented In audio two infotainment Our almost awards market the business segment. business $X.X total and have and products in
Our for and the XXXX address wins Six cockpit solution us mostly the and the of a infotainment barcode many recently Hyundai. Visteon, right About these SmartCore awards billion should page. and $X system, at auto as of large infotainment now enables Linux and The conquest powered OEMs OEMs on [ph] domain the cockpit historically domain such launched at technology. controller customers cluster car for was majority not systems. Glee to with for industry. XXXX chart in solution use business audio android together in digital it based more VW, by makes of large that note were display the as new were in manufacturers indicated GM, the HTMLX I which leading based controllers of customers the the business technology,
added five OEMs for also portfolio base diversifying the in future our of year, We new our customers. business customer expansion potential this offering customer and further new with to
a end at new as that result. more of OEMs much regions. of on and more strength balance business, our expand to The car manufacturers XXXX. is I'm were XXXX business the a up our competitiveness Our strong across in order portfolio enabling following and our us repeat able performance XXXX, regions across in we backlog technology balanced pleased wins achieve and to is
On quarter, business we this $X.X the our billion I won In been would highlight six, of America, like North new page such fourth OEMs few and Moving quarter. three page, significant with has as to historically the Honda. concentrated in business. the Ford in to approximately wins in more the cluster
diversifying North working SUVs emphasis in trucks. on customer been with have on We and more our base America
to America for with fourth report through models This another a large business with the launch in OEM XXXX. we growth quarter, increased leading cluster installation award in SUV potential with their further initial won rates. pleased are North We in is truck digital for and that
potential we digital of This digital and cockpit about with including win system is product electronics business for with also platform-based Japanese as this OEM. vehicles XXXX This here featured is customer. on this system development. excited breakthrough second a wins the for approach are leading growth is we a rapid And our These for a competitiveness for our is future significant very multiple cluster first technology have the maker. for in launch highlight EVs. planned car this cluster won The
for passenger controller India trends this discussed rapidly of domain India. line one evolving based Cockpit growing vehicles we in X.X page in million that for earlier. are on with global emerging market unit cockpit market is and win cars. is third system in a a the an for fastest The that automaker is market SmartCore electronics for
will and emerging will The SmartCore display. launch Android-based with OEM a two It cluster Brazil. internet system displays, our most in and cluster to year. XXXX similar separate The in and launching markets developments a single system in information initially We are ECU connectivity respect and the second in staring based notably This vehicles software digital offers XX-inch another for with and seeing two with drive other trends, on display system cockpit to integrate separate XX-inch center a built over-the-air in the is business India additional in on thereafter. SmartCore vehicles updates first apps. will this infotainment
first drop that down XXXX China of both. fourth in levels in Turning the with quarter market The years sales the growth. by the in steep auto for production to and after was seven, was contracted also percentage years page several many mid-teen time
of the bright XX outperforming Visteon outperformance vehicle new year-over-year about with spot in new time. For driver products points. by XX for products one together launched the the China China crossed market, of XXXX. was mark launches. $X XXXX, of vehicles, in vehicle able were in this the to new production weakness which the high Despite launched they electric percentage X% the in in offset full The end year, grew performance XX% the was drop and full The product the market towards of million grew We production in significant And sales down for first number the the main production. passenger the for was X% the year, vehicles.
are in compared for the clusters billion clusters with $X replacing wins with record rest traditional almost the a prior the world. were new won business, of the of replaced Tencent. year. native in infotainment even China Three-fourth double clusters also We Digital with are infotainment line and unique elsewhere as internet the China that connected in embedded world. traditional ecosystems integrated by are the with than that faster systems out, and And such Alibaba to are systems apps in digital
by breakdown partnerships provides strong with business customer. a on software the built have have of our companies integrated page the these both We The platforms. right of chart new solutions and wins XXXX on their
wins which added particularly this China, note are GAC. and the new I'm customers were growing and Wall, international including Toyota, vehicles, half electric well Almost well of us Our very balanced four positions across we to Great in OEMs. domestic awards segment. And that for fast business in pleased
digital million year. of also Overall, to infotainment, we the did with to in that our strong we well and continued business new pleased $XXX winning SmartCore year addition very market finished about and China in in in the In drive clusters very the I'm technology China, sales, the market. to that outperform book of in business growth continue
for XXXX page in the in page like level. Vehicle for appear customers discuss The be production for weighted vehicle regions the by are vehicle on to is Visteon XXXX. to expected to are our this numbers about outlook Moving eight. to production production would are expected and to to and be our at Starting I adjust X% this these On below sales page, XXXX. for plateaued revenue our customers with U.S. forecast shown business with have last vehicle America, with year's compared sales North down customers. for
first year-over-year continue impact due is continue sales away of of comparison the end the terms The year. In more Western to at at production Ford into to challenging last XXXX year. Europe, Visteon XXXX. some of end sedans in the in shift customers toward will of sales The be key will slowdown this started from diesel have expected quarter to
as European well, than lower WLTP In addition, in to XXXX although automakers some is the in of second that XXXX. expected impact phase
We excludes expect in risk. This about down X% forecast customers as at Brexit, be a from by volume Visteon to which may production impact result. additional Europe any downside introduce
continues were we be the to inventory terms points. China, weak to to both level. expect quarter percentage mid-teen quarter the Consumer of down due than production, higher similar where remains vehicle turning by be in down at macro to and sentiment first sales of fourth and ideal to Now environment, XXXX
In For year, about the rest in first sales China be year. than be by the we the that XXXX X% we terms of impacted expect summary, and vehicle more quarter in the expect both down of production production full with last significantly will being to year. XXXX weaker over than
about We high-single X% Visteon expect to in the for customers full year. be quarter, vehicle for production at digits down first the and
sales the offs, vehicle Even challenging transitional nine. not revenue profitability. exceeded dropped a to page for though production XXXX XXXX volume to was summary, Moving In was Visteon, year a but product year from as impacting decline. override significant and production launches, new product roll enough
revenue the front, On goals. XXXX our technology new new with We strengthened in $X toward cockpit the the future operational existing growth. solutions XX of of order adding We expanding for to we for made introduction and almost portfolio, new billion business, with our products customers, the launched book in portfolio, new while the customers stage setting significant progress future. the won we our long-term
ahead, year terms challenging appears look to we in macro the environment. of XXXX As another be
impact the the fundamentals long-term remains near-term, While business strong. for us in the this will
and for long-term We are though company the managing concludes growth. cycle my This overview looking the comments.
the take will through Christian details. Now you financial
