Eberspaecher increased consolidated revenues to 4.6 billion Euro in 2018
In 2018, the Eberspaecher Group increased its consolidated revenue to around 4.6 billion Euro and achieved a net income of 53.4 million Euro. This development was primarily due to increased sales volumes in the North American and Chinese automobile and commercial vehicle markets, a press release shows.
For the current year, the Esslingen-based automotive supplier expects revenue to remain at the same level and to further improve the consolidated result.
“We can look back on an operationally successful year and we are satisfied with the overall result,” says Heinrich Baumann, Managing Partner of the Eberspaecher Group.
In the past year, the Group made targeted investments in the further development of its product portfolio and customer portfolio. Research and development expenses were slightly over the previous year’s level at 162.4 million Euro (previous year: 156.5 million Euro). The annual average number of employees increased to 9,862 employees (+3.9 percent).