German automotive systems and components supplier Eberspächer has published the results for its 2024 financial year and says that it is successfully continuing its transformation against the backdrop of a volatile global economic situation.

The company, which is a provider of products to the RV industry, was negatively impacted by global uncertainties and the slowdown in international industrial production, with consolidated revenue recorded at €5,333.2 million (decreased by 16 per cent compared to the previous year).

Net revenue, adjusted for transitory items such as monoliths, decreased by 9.0 per cent to €2,731.7 million, which Eberspächer says is due to changes in the product mix and therefore to a lower proportion of transitory items and lower precious metal prices.

The purely operating result adjusted for extraordinary items and one-off expenses in connection with the transformation, amounted to €114.1 million (prior year: €58.0 million).

The operating result increased significantly despite a drop in revenue. The cost-cutting and restructuring measures introduced and the consistent focus on manufacturing excellence at the global plants were a couple of the key factors that contributed to this. The company employs 10,680 employees in over 30 countries, with around 3,600 of these employees based in Germany.

“We are continuing to pursue our course of technological openness,” said Martin Peters, Managing Partner of the company.

“We are essentially a technology provider, and we transfer existing expertise to new business areas, including outside the automotive industry. This opens up opportunities for long-term success in changing market conditions.

“Our focus is therefore on maximum flexibility in our actions and on improving efficiency and competitiveness in our core business. The transformation measures introduced in recent years are having an impact.”

Image: Eberspächer