Eberspächer and 2017, a sweet relationship, with almost 4.5 billion euros in sales. One of the drivers of this winning year?
Eberspächer looks attractive
Managing Partner Martin Peters says: «We have been able to win new customers and introduce new products to these markets such as the gasoline particulate filter, which went into series production in 2017, and close coupled SCR systems in diesel vehicles».
Eberspächer’s Exhaust Technology division is the one that has recorded the most generous volumes in terms of sales. As a result, revenues increased by 4 per cent to €3,931 million in 2017. There are two ‘subdirectories’ of this file: the first is related to the increase in applications on commercial vehicles in Europe. The second factor, and it could not be otherwise, is linked to the growth of the Chinese automotive market. China VI for road applications and China IV (frankly tricky and postponed) for off-road applications represent a huge potential in the medium term.
We are now looking further into the Eberspächer Group as a whole. During 2017, consolidated revenues increased by 3.6 per cent to €4,480.9 million.
«Eberspächer is successfully achieving global growth. Almost 70% of our revenue now comes from abroad. Emission control technology accounts for a significant proportion of this. It has been and remains in very high demand, especially in view of the introduction of stricter emission standards worldwide» Peters says.
Not all the figures are sunshine and rainbows.
The consolidated net income, which amounted to € 52.5 million, was less than the previous year (€ 61.0 million).
Costs up? It means more R&D
The focus on new technologies in the Group explains the over 6% increase in expenditure on R&D to € 156.5 million (previous year € 147.3 million). The rudder on the search for new products and technologies is a must of the German industry.
«Our order books are full and we are consistently working on improving efficiency and strengthening our innovative activities» Peters continues.
The international growth of the Esslingen-based company, which operates in 29 countries, has driven investment in new manufacturing sites. In Portugal, in Tondela, for the production of exhaust systems for cars, in China, in Shanghai, Zhangjiakou, Taizhou and Tianjin, in Slovakia in Nitra, in Mexico in Monterrey and in Hermsdorf, in the German region of Thuringia.
«We are specifically investing in the Group’s continued internationalization process both in terms of development and production capacity and now run operations at around 80 locations worldwide» Martin Peters says.