Full Year 2018 TI Fluid Systems PLC Earnings Call Transcript
Before handing it over to Tim, who will take you through the group's financial performance, following that, we will be happy to turn it over to you for your questions. And so with that, let's proceed.
Now moving to Slide 5. 2018 was another very strong year for the group. As a leading supplier of automotive fluid systems with strong market positions globally, we were able to leverage our product strengths, leading technology, customer relationships and our global footprint to make significant progress on successfully executing our hybrid electric vehicle and battery electric vehicle strategy.
Prior to providing strategic highlights, first, let me take you through some of our strong financial highlights for the year.
Although the global automotive market slightly softened by 1.1% in 2018, the group continued to deliver strong revenue with year-over-year growth of 2% at constant currency or 310 basis points above global vehicle production growth. We continue to outperform the underlying global
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