This past year was like no other. The COVID-19 pandemic reminded us of the things that really matter — the safety of those we care about, the criticality of sustaining our environment, and the importance of staying connected even as we are socially distanced.
In these unprecedented times, I am extremely proud of our 180,000 employees, who responded by tirelessly supporting the needs of our customers and of one another, allowing Aptiv to deliver strong overall performance in an otherwise very challenging year.
At Aptiv, we have been focused on building a more sustainable business while we accelerate the development and introduction of products that help promote a more sustainable future for the planet. Our strong track record of revenue growth and new business awards reflects our industry-leading portfolio of advanced technologies that enable the safer, greener and more connected future of mobility.
The democratization of active safety, high-voltage electrification and vehicle connectivity will reduce traffic accidents, save lives, reduce carbon emissions and save the industry billions in development costs and expensive vehicle repairs. Never has Aptiv’s mission had more meaning than it does today.
Despite declining industry volumes, we had our eighth straight year of record new customer bookings, reaching $22.1 billion. Our revenues for the year totaled $14.4 billion, representing 4% growth, 9 points above underlying vehicle production, reflecting the strength of our product portfolio aligned to the safe, green and connected megatrends. Over the past few years we have increased the engineering investments necessary to ensure that we have the software, vehicle architecture, and systems integration capabilities required to execute our strategy and help our customers solve their biggest challenges. To help fund the increased investment in the development of these advanced technologies, we continued to reduce our overhead costs.
growth Over market
earnings per share1
1. Adjusted for restructuring and other special items.
Segments reflect our capabilities as the only provider of an integrated brain and nervous system.
ADVANCED SAFETY & USER EXPERIENCE
SIGNAL & POWER SOLUTIONS
Encompasses our deep expertise in centralized computing platforms, advanced safety systems and automated driving, while enabling the growth in areas that enrich the in-vehicle experience.
Leverages our heritage as a global architecture provider and systems integrator to deliver the high-speed data and high-power electrical systems required for feature-rich, highly-automated vehicles.
Kevin P. Clark, President and Chief Executive Officer
In our 2021 Kickoff Event, Aptiv's technology leaders highlight groundbreaking innovations and describe how the technologies will grow and evolve to enable the software-defined vehicles of the future.
Aptiv commits to realize our mission, to live our core values, and to continuously improve in making our products and facilities more sustainable.