05/07/2024

5 July 2024
5 July 2024, Comments Comments Off on Eberspaecher Group increased net revenue in 2023 by 10.3% to €3.0 billion
Eberspaecher Group increased net revenue in 2023 by 10.3% to €3.0 billion

The Eberspaecher Group generated net revenue of EUR 3.0 billion in the 2023 fiscal year, an increase of 10.3% compared to the previous year.

“Operationally, we achieved the turnaround by consistently managing measures last year. In addition, the double-digit percentage growth in net revenue once again proved that we have the right product portfolio,” said Managing Partner Martin Peters, when summarizing the fiscal year.

Most relevant to the RV industry is Eberspaecher’s Climate Control Systems Division which achieved revenue of €714.4 million (prior year: €721.1 million) in 2023, slightly below the prior year’s level.

This was due to reduced customer call-offs for electrical high-voltage heaters because electric vehicles are coming onto the market more slowly than expected. It is also due to the weaker retrofit and spare parts business for thermal management solutions in the North American truck market and the German passenger car aftermarket.

Revenue in the area of air conditioning systems for buses increased. Product innovations for climate-friendly heating and cooling for conventional and electric drives in this area were also brought to market maturity. Eberspaecher’s first rooftop air conditioning system with heat pump function, Breezonic, controlled by an app and a touchscreen control for recreational vehicles, was also presented to the public. 

As part of its approach to shaping a sustainable future, Eberspaecher has a new goal as an integral part of the corporate strategy: the company will become CO2-neutral by 2040, therefore going beyond the previous plan to achieve CO2-neutral production by 2030. Over the past four years, it has been able to reduce its global production-related CO2 emissions by 56%. In addition to the targeted reduction in energy consumption, the purchase of green electricity and the in-house use of photovoltaics at many locations have contributed significantly to this.

The Group also assumes responsibility along the supply chain by using green steel, for example. The forward-looking sustainability activities were once again confirmed by the non-profit organization CDP in its annual assessment with a “B score”. Further information on the activities in the three areas of activity for the clean mobility of tomorrow – Green Footprint, People and Innovation – can be found in the 2023 Sustainability Report

With approximately 11,200 employees at 80 locations worldwide, the Eberspaecher Group is one of the automotive industry’s leading system developers and suppliers. The family business, headquartered in Esslingen am Neckar, stands for innovative solutions in exhaust technology, automotive electronics and thermal management for a broad range of vehicle types. In combustion or hybrid engines and in e-mobility, the components and systems from Eberspaecher ensure greater comfort, higher safety and a clean environment. Eberspaecher is paving the way for future technologies such as mobile and stationary fuel cell applications, synthetic fuels as well as the use of hydrogen as an energy carrier. In 2023, the Group generated revenue of around 6.4 billion euros. Net revenue adjusted for transitory items amounted to 3.0 billion euros.