ZF Friedrichshafen has achieved increased sales during the 2018 financial year. The Group’s sales increased – adjusted for exchange rate effects and M&A activities – by approximately 6 percent to EUR 36.9 billion (prior year: EUR 36.4 billion). The adjusted EBIT amounted to EUR 2.1 billion (prior year: EUR 2.3 billion). The adjusted EBIT margin was 5.6 percent (prior year: 6.4 percent). At the end of December, ZF employed 148,969 staff worldwide (prior year: 146,148). With its Next Generation Mobility strategy, ZF is pursuing the vision of providing people with safe, clean, and affordable mobility. The company also reported largest order in ZF’s history for enhanced electric automatic transmissions.
ZF said that planned acquisition of WABCO is an important step in line with the Next Generation Mobility Group strategy
“We are shaping the rapidly advancing transformation of the mobility industry to provide our customers with convincing system solutions for next-generation mobility. Our results show that we are well positioned for the challenges of the future,” said Wolf-Henning Scheider, CEO of ZF Friedrichshafen AG. To continue its technology leadership, ZF increased its expenditure in research & development (R&D) in 2018 by an additional 11 percent. Adjusted for accounting changes, ZF spent a total of EUR 2.5 billion (prior year: EUR 2.2 billion) on R&D; this corresponds to an R&D cost ratio of 6.7 percent.
ZF is creating new mobility products such as the e.GO People Mover. This electrically powered minibus, which will be fitted with autonomous-driving features in the future, will be on the road in the first test fleets in Aachen and Friedrichshafen in the fall. A few weeks ago, ZF also announced the majority stake in 2getthere, a Dutch supplier of autonomous electric passenger transport systems.
“The investment was an important step for us as 2getthere has more than 30 years of experience in the autonomous passenger transport market as well as unique engineering and software skills,” says Scheider.