Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Eberspaecher has a solid 2018 fiscal year ─ 4.6 billion euros in revenue

22.05.2019 15:15 "Agro Perspectiva" (Kyiv) In 2018, the Eberspaecher Group increased its consolidated revenue to around 4.6 billion and achieved a net income of 53.4 million. This development was primarily due to increased sales volumes in the North American and Chinese automobile and commercial vehicle markets. The operationally successful business year was impacted by expenses for restructuring measures. For the current year, the Esslingen-based automotive supplier expects revenue to remain at the same level and to further improve the consolidated result.

The Esslingen-based automotive supplier increased its consolidated revenue by 2.9% to 4,610.4 million last year. «We can look back on an operationally successful year and we are satisfied with the overall result,» says Heinrich Baumann, Managing Partner of the Eberspaecher Group. Baumann continues "We were able to inspire our customers with new technologies for the megatrends of e-mobility, autonomous driving and connectivity. And more than ever, our emission control systems are in demand worldwide for more stringent emission standards. "This positive result development is reflected in the consolidated net income of 53.4 million (previous year: 52.5 million).

The consolidated result was impacted by expenses for restructuring measures of 36.1 million, in particular provisions to secure the future of the Saarland exhaust technology plant in Neunkirchen. However, these will trigger positive income development in the medium term.

In the past year, the Group made targeted investments in the further development of its product portfolio and customer portfolio. Research and development expenses were slightly over the previous year’s level at 162.4 million (previous year: 156.5 million). The annual average number of employees increased to 9,862 employees (+3.9%). Heinrich Baumann points out: «Our employees are key to the Company´s success — they are a particular focus of our Corporate Strategy. We invest in promoting their professional, personal and social skills.» Looking at the current fiscal year, Baumann concludes: "A sideward trend is expected for 2019 in view of uncertainties regarding overall economic developments. This means that our revenues will remain at a constant, high level. In addition, we plan to invest more as we set up new production facilities in China, India and Mexico. For the subsequent years, we expect continuously increasing revenues and results. "

Exhaust systems in demand worldwide

In 2018, the largest Division, Exhaust Technology, exceeded the 4 billion mark in revenue for the first time ( 4,064.3 million, +3.4%). This development was primarily due to increased sales volumes in the North American and Chinese automobile and commercial vehicle markets. The Division set a decisive course in 2018 for increasingly stringent emission regulations and the associated demand for more complex emission control systems in Asia. These include the establishment of a joint venture with China Yuchai and the 2019 signing of a joint venture contract with Sharda Motor in India. Baumann on the activities: «Our goal is to also have a leading position in the Asian commercial vehicle exhaust technology markets. For the future standards Bharat IV in India and China 6, we are bringing in our global technology and production expertise — for significantly reduced emissions in long-distance and freight traffic.» The positive development in North America as well as newly accepted orders will lead to expansion of production capacities in 2019. In Mexico, the supplier is building a component plant for exhaust technology.

Expanded thermal management solutions

The Climate Control Systems Division posted 491.9 million in revenues, consistent with the previous year’s level. Enhancements continued in the area of electrical heaters for cars with hybrid and electric drive. In Tianjin, China, the production of high-voltage heaters began in 2018. In Hermsdorf, Germany, construction started on a new plant for the production of ceramic elements. With increasing customer demand for vehicles with alternative drive systems, significant revenue growth is expected for these products in subsequent years. The 100% acquisition of the French company Kalori SAS was an important milestone on the way to becoming a leading global supplier of thermal management solutions in special-purpose vehicles. The climate control specialist with head office in Lyon, France, has been successfully developing and producing air-conditioning and ventilation systems for commercial and special-purpose vehicles for more than 25 years. While revenues of fuel operated heaters in retrofitting increased, especially for trucks, construction machinery and RVs, revenues fell in the original equipment of passenger cars. The air-conditioning systems segment recorded a plus and intensified its activities, especially with products for electric buses.

Vehicle electronics facing growth spurt

In the Automotive Controls Division, revenue was 54.1 million, almost at the previous year’s level. Baumann sees high potential in the Divisions product portfolio: «We expect significant growth in this area in the coming years, as two series production runs of major customers are planned for 2019.» With its highly efficient vehicle electric system management, Eberspaecher’s electronics support highly or fully automated vehicle systems, modern drive assistants, and environmentally friendly engine functions such as start-stop technology.

Agro Perspectiva

< Ukrainian agrarians start early winter onions harvesting All news for
22.05.2019
Nobel Peace Laureate Muhammad Yunus calls for a new approach to address hunger and conflict >

12.03.2023  
06:17 It will enrich Egypt if a kilo of onions costs HUF 1,000
10.03.2023  
11:03 Plummeting Argentina Soybean Production Impacts Global Soybean and Products Trade
10:15 Argentina Drought Cuts Corn Exports with Lowest Global Trade in Three Years
03.03.2023  
15:25 Early production outlook for 2023 wheat crops
14:05 FAO Food Price Index declines for the 11th consecutive month
02.03.2023  
15:55 Malaysias vegetable prices set to soar again due to wet weather
12:23 FAO outlines three pillars of action for initiatives in Ukraine in 2023
11:25 The Latin America and the Caribbean has the highest cost of a healthy diet compared to other regions
11:15 Pistachios. Global production for 2022/23 is forecast to 791,000 MT
01.03.2023  
10:46 Kharkiv Dairy Plant continues to produce dairy products thanks to generator received from Government of Germany
23.02.2023  
15:57 Ukraine seeks to extend "Grain deal" for 12 months year to involve more ports - deputy minister
15:53 Vegetable prices were constantly rising over past two weeks
15:33 ICMSA say suspicions growing around fertiliser sellers reluctance to quote prices for orders
22.02.2023  
14:35 Finland supports Ukraines grain exports
16.02.2023  
08:13 U.S. Soybean Oil Exports Forecast at Record Low
09.02.2023  
10:11 Brazil and the United States Vie for Worlds Top Corn Exporter
01.02.2023  
00:30 Asia-Pacific. In 2021, 396 million people in the region were undernourished - a new report by four UN agencies
30.01.2023  
10:05 Global chicken meat production for 2023 is virtually unchanged from the October forecast at 102.9 MMT
27.01.2023  
17:49 South Africa exports of tangerines/mandarins are forecast to grow by almost 8 percent in 2022/23
15.01.2023  
08:36 Israels planted citrus area in MY 2022/23 is forecast to be 16,200 ha
08:03 Record South American Soybean Supplies Forecast Despite Falling Argentina Crop
07:35 China Total Meat Imports Forecast Higher in 2023
13.01.2023  
06:26 U.S. Sorghum Exports Fall Precipitously
07.01.2023  
19:25 World food prices dip in December. FAO Food Price Index ends 2022 lower than a year earlier
04.01.2023  
16:50 A $15.5 million EU-funded project aims to respond to disruptions to the agricultural sector caused by war
22.12.2022  
15:15 Somalia: FAO calls for fully funded, at-scale and sustained life-saving and livelihoods support to pull people from the brink of famine
12.12.2022  
23:32 Burma importing soybean meal to grow aquaculture industry
10.12.2022  
09:37 Argentina wheat exports fall while Australia soars
09.12.2022  
20:32 Record India Soybean Meal Premiums Disrupt Trade Flows
04.12.2022  
17:09 Global cereal production and trade forecast to fall to three-year lows
17:06 45 countries need external assistance for food
16:37 Global food prices overall hold steady in November
01.12.2022  
04:16 Cargill announces acquisition of Owensboro Grain Company
03:14 FAO and Pacific nations weigh local innovations as solutions to growing climate and nutrition challenges
02:37 Global Environment Facility tasks FAO and IFAD to lead new $230 million agrifood systems transformation program
02:15 Cargill Appoints Brian Sikes as President and Chief Executive Officer, and Dave MacLennan as Executive Chair of the Board
23.11.2022  
05:44 Australia sugar production for 2022/23 is estimated to rise slightly to 4.4 MMT
21.11.2022  
07:54 U.S. provides up to $20 mln for Grain from Ukraine initiative
07:25 Grain from Ukraine program foresees provision of at least 5 mln people with grain until end of spring 2023
16.11.2022  
10:02 World sugar production - 179.6 million tonnes - FAOs preliminary forecast
15.11.2022  
20:11 Rice. The 2022/23 global harvest is still envisaged to remain at an overall average level of 512.6 million tonnes
19:38 World wheat production is forecast to reach a record 784 million tonnes in 2022/23,
19:32 Alarming signs as the global food import bill set to rise to nearly US$2 trillion due to higher prices
10.11.2022  
13:35 Conflict on the Black Sea: a review of Ukraine sunflowerseed
08.11.2022  
08:12 Ukraine: FAO reinforces its presence to optimize technical and humanitarian assistance
02.11.2022  
09:52 Pork. Global production is forecast to rise 1 percent in 2023 to 111.0 million tons as production in China increases
09:33 Turkey raises tariff on imported sunflowerseed
09:24 India: The FSSAI's 2021 Draft Amendments to the Approval of Non-Specified Food and Food Ingredients Regulation is now a Final Amendment in 2022
31.10.2022  
08:00 New $250 million USAID grant will boost FAOs efforts to strengthen global health security and agrifood systems
07:45 Global market overview onions

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2023 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com