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Alfa Laval presents 2023 annual and sustainability reports

The biggest transformation decision made in Alfa Laval in 2023 was to form a dedicated business unit for Fuel cell and Electrolyzer technology. The plate technology needed in the hydrogen economy is a version of what Alfa Laval has done for decades in the heat exchanger businesses. If the project is...

ZF reaches financial targets for 2023

ZF increased turnover to 46.6 billion euros (2022: 43.8 billion euros) and achieved its financial targets for 2023. Going forward, 18 billion euros of targeted investments are planned by 2026.

Deutz results: revenue up by almost 8 % in 2023

Within a persistently challenging macroeconomic environment, Deutz stayed on course in the 2023 financial year and achieved record results for revenue EBIT. The drive manufacturer grew its revenue by 7.8 % to around €2.1 billion.

Rolls-Royce Power Systems records very good results

Rolls-Royce’s Power Systems business unit – with its key mtu brand – saw revenue, profit and cash flow rise strongly in 2023 to reach very good results. Revenue was primarily driven by energy systems, especially for data centres.

Highlights

FPT Industrial: let’s go, XC13

The XC13 surely sounds agnostic in FPT Industrial’s unofficial nomenclature; it comes, indeed, with a tripartite certification: Euro 6E (winking an eye at the upcoming Euro 7), methane gas and also biofuel, with a link to hydrogen. Andrea Abbà, FPT’s product marketing manager, told us about dialogui...

results

Lhyfe: results for the first half of 2023

At its meeting held on 26 September 2023, the Board of Directors of Lhyfe, independent producer of green hydrogen, approved its consolidated financial statements for H1 2023 (from January 1st to June 30, 2023). These financial statements were the subject of a limited review by the Statutory Auditors...

Cummins: first quarter 2023 results

Cummins yesterday reported results for the first quarter of 2023. First quarter revenues of $8.5 billion increased 32 percent from the same quarter in 2022.

Liebherr: record turnover in 2022

The Liebherr Group finished the year 2022 with a new record turnover of €12,589 million. Compared to the previous year, the company thus recorded a turnover growth of €950 million or 8.2%.

ZF: 2022 financial results

ZF achieves sales of €43.8 billion in 2022 (2021: €38.3 billion), adjusted EBIT is €2.0 (2021: €1.9) billion, adjusted EBIT margin at 4.7 (2021: 5.0) percent. Order volume for electrified drives amounts to more than €30 billion.
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Deutz: 2022 results

Last year, Deutz maintained its course and achieved its targets in a challenging geopolitical and macroeconomic environment. The drive manufacturer’s unit sales rose by 16.6 percent, while revenue climbed by 20.8 percent to €1.95 billion. Profitability also improved significantly, with EBIT before e...
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Himoinsa: record 2022 results

Following what has been a significant increase in turnover compared to 2021, Himoinsa now expects sales to grow to 400 million euros in 2023, thanks to a major industrial expansion project to create new production centres, as well as investment plans and the implementation of projects on an internat...
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