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 ˆ 4.6 billion and achieved a net income of ˆ 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 ˆ 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 ˆ 53.4 million (previous year: ˆ 52.5 million).

The consolidated result was impacted by expenses for restructuring measures of ˆ 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 ˆ 162.4 million (previous year: ˆ 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 ˆ 4 billion mark in revenue for the first time (ˆ 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 ˆ 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 ˆ 54.1 million, almost at the previous year’s level. Baumann sees high potential in the Division’s 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 >

02.12.2024  
23:17 Prime Minister: Some 50 partner countries have joined the humanitarian demining coalition
22:56 Norway pledges additional $4.5 mln to Ukraine's Grain from Ukraine initiative
01.12.2024  
03:30 EU agri-food trade slowed down in August 2024
26.11.2024  
00:06 Global sugar production, compared to last year, is estimated up 2.8 million tons to 186.6 million
24.11.2024  
04:43 During the Operation of Our Grain From Ukraine Program, We Have Managed to Save 20 Million People from Hunger – Zelenskyy
04:15 Ukraine Is Ready to Share Technologies, Military Experiences and Processing Methods with African Countries – the President
22.11.2024  
10:15 South Africa Sugar Production and Exports Estimated Down
19.11.2024  
23:04 Global Olive Oil Production Forecast to Rebound in 2024/25
22:47 Vitalii Koval discusses Ukraine's European integration with European colleagues
16:06 EBRD, European Union and United States help Kyiv prepare for winter
18.11.2024  
09:21 Agriculture Development Strategy 2030 – a roadmap to the EU
09:19 Ukrainian farmers have sown 96% of projected winter crop area
01.11.2024  
20:31 Ukraine has officially joined the International Fund for Agricultural Development
20:29 Ukrainian farmers harvested 63.7 million tonnes of grains and oilseeds
25.10.2024  
22:50 Agriculture hit hard: October port strikes rack up 30-40 million dollars in losses
21:04 Ministry of Agrarian Policy expects exports to rise in dollar terms
10:57 Ukrainian corn seed flows to Europe in further farm trade shift
24.10.2024  
23:02 Tree Nut Import Markets Highly Concentrated
23.10.2024  
11:18 Prime Minister UK warns Russian threat to global stability is accelerating as Putin ramps up attacks on Black Sea
15.10.2024  
09:35 Brazil Continues to Dominate Growth in Global Chicken Meat Exports in 2025
11.10.2024  
23:33 China Cottonseed Imports Show Strong Demand in Recent Years
20:30 India Removes Rice Export Ban, Spurring Additional Trade
30.09.2024  
17:27 List of agricultural machinery with cost compensation expanded to 11,300 items
29.09.2024  
20:21 1 in 11 people worldwide faced hunger in 2023, 1 in 5 in Africa If current trends continue, about 582 million people will be chronically undernourished in 2030, half of them in Africa
17:13 EU agri-food surplus increased in the first half of 2024
27.09.2024  
09:02 BASF presents new corporate strategy: BASF is setting a new direction for portfolio steering, capital allocation and performance culture
26.09.2024  
10:25 BASF sets new direction with corporate strategy and maintains high level of shareholder distributions
21.09.2024  
18:30 Three new sites recognized as Globally Important Agricultural Heritage Systems (GIAHS)
17.09.2024  
09:52 Cargill and Ducks Unlimited Working Together to Restore Watersheds Across North America
08:44 FAO calls for G20 cooperation as hunger targets continue to elude
06:40 FAO sees open trade as a cornerstone of global food security
13.09.2024  
07:08 U.S. Soybean Meal Hits 10‐Year High for Export Sales
12.09.2024  
21:26 U.S. Corn Exports Buoyed by Large Supplies
11.09.2024  
04:30 Global cereal production 2024 forecast on par with 2023 output, cereal trade likely to contract
06.09.2024  
11:35 FAO Food Price Index down marginally in August: lower sugar, meat and cereal quotations offset higher dairy and vegetable oil prices
10:34 Cargill acquires two US feed mills, strengthens production and distribution capabilities to grow with customers
05.09.2024  
09:23 PM: Plan to develop small generation facilities to reduce vulnerability to terrorism
30.08.2024  
05:03 Taras Vysotskyi discusses agricultural cooperation with Hungarian counterpart István Nagy
19.08.2024  
12:00 OTP BANK RECEIVED A $2.76 MILLION GRANT FROM USAID INVESTMENT FOR BUSINESS RESILIENCE ACTIVITY FOR CONCESSIONAL LENDING TO MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES
16.08.2024  
17:10 Cargill and Goanna Ag Pilot Irrigation Efficiency Technology on Mississippi Delta Cotton Fields
12.08.2024  
20:04 Ukraine Soybean Exports Forecast at Record in 2024/25
19:48 Domestic Demand and Trade Restrictions Reduce India Grain Exports
11.08.2024  
09:15 USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine
09.08.2024  
17:41 USAID Announces $3.9 billion in Direct Budget Support to the Government of Ukraine
07.08.2024  
08:19 Turkey’s Mandarin Production and Exports to Rebound
26.07.2024  
09:28 Ongoing Economic Crisis in Argentina Impacts Dairy
15.07.2024  
10:28 Decline of China Pork Imports Continues in 2024
08:20 Lower Prices Propel Mexico 2023/24 Soybean Meal Imports
13.07.2024  
10:15 China Imports of Major Feed Grains at Record for Oct-May period
12.07.2024  
01:08 Climate risks projected to affect fish biomass around the world's ocean, FAO report says

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 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com