In a decline in sales by almost 3 percent to 7.7 billion euros, Brose made 142 million euros in loss, as the Unlermen announced in Coburg on Wednesday. A positive result will be sought after a short amount of 14 million euros for the current year. However, Brose does not expect growth in the core business and expect stagnating group sales.
“We are in a market environment that changes massively,” said company boss Stefan Krug. The slow switch to electromobility leads to sales returns in Europe and North America. “At the same time, Chinese automobile manufacturers win market shares worldwide, especially for electric vehicles and rely on local suppliers. This is particularly important to us in China with great challenges. “
Brose continues to advance organizational structures, cost cuts and focus on the core business with the car industry. Brose had announced a reduction in around 1,100 jobs at high wage locations worldwide, including 700 jobs in Germany.
“Our goal is to implement the reductions socially,” said HR head Bernhard Blauth. The indirect personnel costs should be reduced by 20 percent by the end of 2026. To contain the production costs, the global infrastructure is on the test. Brose focuses on the occupancy and reuse of production facilities.