ZF meets 2021 sales and earnings targets

• Company generates sales of €38.3 billion in 2021, a 17.5-percent growth year-on-year
• Adjusted EBIT of €1.9 billion (2020: €1.0 billion), adjusted EBIT margin of 5.0 percent (2020: 3.2 percent)
• Group continues deleveraging and strengthens equity ratio
• The Chairman of the Executive Board will not renew his expiring contract at his own request

Friedrichshafen, Germany. Technology Group ZF last year achieved its financial targets in what remains a challenging business environment. At €38.3 billion, sales increased year-on-year by 17.5
percent, considerably exceeding the 2020 figure of €32.6 billion, and above that of 2019 (€36.5 billion). Adjusted EBIT was €1.9 billion (2020: €1.0 billion), while adjusted EBIT margin came in at
5.0 percent (2020: 3.2 percent). Meanwhile, ZF continued its strategic orientation, focused on the future of mobility, and secured substantial new customer contracts in the three core areas of
electric mobility, autonomous driving and software development.

“Despite the arrival of strong headwinds during the course of the year, we have remained firmly on course and achieved the targets we set at the start of the year,” said ZF CEO #wolfhenningscheider, speaking Thursday at the presentation of the Group’s financials. “With their dedication, determination and team spirit, our workforce has played a decisive role in successfully tackling the challenges of these extraordinary times. We have adapted to the new normal and have become even more agile, flexible and digital.” The second half, in particular, demanded exceptionally high levels of flexibility in production and materials management as a result of interruptions in the global supply chain and last-minute changes in customer orders. All of this took place, of course, against the ongoing backdrop of the global pandemic.

Scheider stressed that ZF has reached strategic milestones and laid further groundwork for the future. By way of example, he cited the successful start of the Electrified Powertrain Technology division, launched at the beginning of the year, the integration of the Wabco acquisition into the new Commercial Vehicle Solutions division and the cooperation with #microsoft for the creation of the #zfcloud. The latter will digitalize, network, and provide access to all #corporate data and
processes worldwide. ZF has also continued structuring its product lineup to serve the electric and software-defined vehicles of the future. Indeed, the Group has already secured substantial contracts for these solutions from international manufacturers of cars and commercial vehicles, providing an excellent basis for further growth.

Further information in the press release to download

- Photogallery (7)

ZF BPK 2022 Key-Figures EN

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- Documents (1)

Press release

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