ZF Friedrichshafen AG's fiscal year 2012 sales hit a record high of approximately EUR 17.4 billion, which is a year-on-year increase of 12% compared to EUR 15.5 billion in 2011. In 2012, operating profit decreased by 19% year-on-year, from 850 million euros in 2011 to 687 million euros. Statistics As of 2012, the number of ZF employees worldwide has increased to 74,775, an increase of 5%. Dr. Stefan Sommer, CEO of ZF Group, said: “In 2013, we will continue to invest in the market, focusing on improving the quality of corporate development and steadily achieving sustained growth.â€
In 2012, ZF's sales record set a new record year by year, with annual sales increased from 15.509 billion euros to 17.366 billion euros, an increase of 12% over 2011, and higher than the industry average. “Looking at the performance of ZF's regions, the North American region has achieved the most outstanding results. In 2011 and 2012, its sales increased by more than 40%.†ZF Group in Stuttgart (ZF) At the presentation of the financial report, Dr. Stefan Sommer, CEO of ZF Group, stated that “From the perspective of the overall development of the Group, different from the situation in 2011 where all the market conditions are good, there are some business areas in 2012. Still remarkable results, however, sales in some regions have declined."
As Dr. Sommer said, the development of each region in 2012 was different: the Asia-Pacific region grew steadily by 21%, Western European market grew by 6%, while the Eastern European market sales growth decreased slightly, only 1%. Due to the market environment in South America, sales fell by 14%. At the same time, the situation in each product segmentation market is also different. For example, the growth of the premium passenger car market has slowed down due to the overall decline in the global mass production market for passenger cars. The performance of the commercial vehicle market has also generally declined, and the development of the Industrial Technology Division is closely related to the industry environment in which it operates.
As of the end of 2012, the ZF Group's global number of employees has grown by about 5%. The current total number of people is about 75,000. More than half of the 3,000 new jobs created are located in Germany, but in the next few years, the Group plans to create more jobs outside of Germany. Dr. Sommer explained: “Our sales growth and employee scale in Germany will continue to expand, but we also believe that ZF will have more room for development in other markets.†ZF (ZF), 2013 ) It is expected that there will be another 3,500 jobs worldwide, of which more than 1,000 will be located in Germany.
At the same time, ZF has continued to invest in products, plants and hardware. In 2012, it invested nearly 1.2 billion euros. Dr Sommer said: “There are about 200 million Euros for the construction of a new nine-speed automatic transmission plant for passenger cars in the United States. This project was started in 2011. The growing market demand for ZF The demand for passenger vehicle technology, in particular, will prompt ZF to continue to expand its investment in the creation of new plants and expansion of production facilities.†The new transmission plant in South Carolina is mainly manufactured for passengers. The automatic transmission of the car, the nine-speed automatic transmission made by it, will be available to customers all over the world in a few weeks.
However, in 2012, ZF’s operating profit for the year was 687 million euros, with a profit margin of 4%, which was a decrease from the previous year. Dr. Konstantin Sauer, a member of the board of directors of the ZF Group and head of the company's finances, believes that this result has not achieved the desired goal. Dr. Sauer explained: “The large amount of advances generated in order to increase production capacity is one reason. On the other hand, there are additional costs. The reason for this is often due to the idleness of some demand-oriented plant equipment. Or overuse. In addition, the restructuring of the casting technology business unit in 2011 and the severe market conditions of the wind energy business have also affected this result."
In 2013, especially in the first half of the year, ZF expects to achieve steady growth. In response, Dr. Sommer, CEO of ZF Group, predicted: “Even if the economic environment was weak in 2013, we still believe that ZF can achieve growth above the market average and strive to achieve 10%. The additional growth is about 1.5 billion euros. However, the growth of ZF's market outside of Germany may still not fully compensate for the impact of the European market and the downturn in the wind energy industry.
According to the International Financial Reporting Standards (IFRS), ZF Enksysteme GmbH, a joint venture company established by ZF and Bosch in peer-to-peer ratios, will no longer have sales. It is included in the ZF Group's annual sales in proportion to shares, but is separately classified as an investment income. As a result, the ZF Group's annual financial report statistics for fiscal year 2013 will be reduced by approximately 2 billion euros.
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