Menu

ZF 2019 sales drop marginally y/y to USD40.9 billion

News
Financial results

German supplier has not provided outlook for FY 2020

ZF’s sales declined 1% y/y to EUR36.5 billion (USD40.9 billion) in the financial year ended 31 December 2019, the automotive supplier said in an annual press conference in Friedrichshafen, Germany, on 26 March. Adjusted for currency and merger and acquisition (M&A) effects, sales declined 1.9% y/y. ZF reported adjusted EBIT of EUR1.2 billion, down 28.6% y/y, and adjusted EBIT margin of 4.1% compared with 5.6% a year earlier.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload