ZF Friedrichshafen
ZF, which belongs to the Zeppelin Foundation of the city of Friedrichshafen, is planning two new plants for the production of parts for electric drives.
The auto supplier ZF Under his new boss, Wolf-Henning Scheider, Friedrichshafen does not want to let up in the race for new products for electric and autonomous vehicles. After 2.2 billion euros last year will ZF Also in 2018 significantly more than two billion euros in research and development stuck, announced Scheider on Thursday in Friedrichshafen.
For example, electric drives and hybrid transmission technology as well as driver assistance systems are to be developed. In addition, two new plants for the production of parts for electric drives are planned.
The foundation company spends about as much on new technologies and products as it earns operationally. Adjusted earnings before interest and taxes (EBIT) at EUR 2.3 billion last year were EUR 100 million higher than in the previous year.
The turnover of the third largest German supplier to Bosch and Continental climbed 3.6 percent to 36.4 billion euros. Employment increased by more than 9,300 to just over 146,000 employees worldwide with new jobs in safety technology, electromobility and drive technology.
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Despite a growth of five percent, sales in the current year are expected to be at the same level as the previous year, as revenue from the soon to be sold Vehicle Operating Systems business unit will be lost. As a target, ZF posted an operating return of around six percent, or around EUR 2.2 billion.
Scheider has been leading the foundation since February, after his predecessor Stefan Sommer took his hat off at the end of last year. He was, among other things because of his plans to expand ZF through acquisitions, infected. ZF belongs to the Zeppelin Foundation of the city of Friedrichshafen.