For Eberspächer in Esslingen am Neckar specializes in the development, production and sale of e.g Vehicle exhaust technology, air conditioning systems and control electronics for e.g. B. the Automotive industry. The Fiscal year 2022 recorded almost 20% growth, but the result was negative. Here you can find out why that was and what else there is to report about Eberspächer.

Eberspaecher News

Contents

Fiscal year 2022: transformation and growth

Eberspaecher pure24.05.2023/2022/XNUMX | In the XNUMX financial year, which was characterized by economic challenges, the Eberspächer Group has its Transformation further advanced.

As in the entire automotive supply industry, external influences were also increasing at Eberspächer, which weighed on profitability.

In the current year, the automotive supplier will continue on its transformation course, as the order books are well filled and investments and certified sustainability activities are planned.

Challenging business year

The Eberspächer Group had a difficult year in 2022. Cyber ​​attacks, the Ukraine war, ongoing shortages of semiconductors, supply chain disruptions and rising inflation rates worldwide required quick action.

Despite strong demand and double-digit growth in net sales, the result was negative due to increased material and energy costs. The net sales amounted to EUR 2,7 billion, a growth of 19,9% ​​compared to the previous year.

The gross sales rose to EUR 6,4 billion (+7,3%). The weaker increase is due to lower raw material prices for monoliths that are installed in exhaust systems. The improved cash flow from operating activities amounted to EUR 187,7 million compared to EUR -74,9 million in the previous year.

Adjusted earnings before interest and taxes (EBIT) amounted to EUR 26,6 million. All special effects, including the cyber attack and transformation costs, led to an EBIT of EUR -21,0 million.

48% of net sales independent of the car combustion engine

The transformation of the automotive industry accelerated in a volatile market environment, what more Investing in the future required. "In order to counter the high pressure to change, we are working on our operational excellence and making our organization more sustainable," comments Martin Peters, Managing Partner of the Eberspächer Group.

"In 2022, we achieved our goal of generating 48% of net sales independently of passenger car combustion engines. This means we have already exceeded our target set for 2025. Thanks to the commitment of our employees, we are already seeing significant progress."

Investments in all divisions were again increased with research and development expenses in the amount of 51,6 million euros (previous year: EUR 43,9 million). Around 84% of sales were realized outside of Germany. An average of 80 people were employed at around 30 locations in 10.681 countries. In Bulgaria, Thailand and Malaysia, companies of the Eberspächer Group started activities for production plants that will start up in 2023.

Views 2023

Eberspaecher Martin PetersEberspächer is shaping change in a targeted manner with its technological expertise. “We have a clear picture of ours Transformation and the technologies for the mobility of tomorrow in the product portfolio – we are expanding this in a targeted manner,” emphasizes Martin Peters.

Positive customer feedback and well-filled order books confirm the course we have taken. “In order to compensate for the rising costs for material, labor and energy, we have to raise the prices of our products significantly in the current year.

To this end, we are in dialogue with our customers and know that the long-term competitiveness of our industry must not be lost,” emphasizes Mr. Peters.

For 2023 Eberspächer expects a clearly positive business development and plans significant expansion investments, the financing of which is secured by the current syndicated loan agreement.

This also includes the construction of a new production plant for electric vehicle heaters in Ruse, Bulgaria. However, given the geopolitical uncertainties, global market developments remain difficult to assess.

Groundbreaking ceremony for new production plant in Bulgaria

Eberspaecher groundbreaking ceremony


25.04.2023/XNUMX/XNUMX | The management of Eberspächer and Mayor Pencho Milkov together officially turned the ground for the new building Production plant in Ruse, Bulgaria before. The plant will produce electric vehicle heaters to meet increasing demand in the European passenger car market. Production is expected to begin in early 2024.

During the ceremony, Ruslan Papazyan, General Manager of Eberspaecher Bulgaria, emphasized that with the new location, Eberspaecher is purposefully expanding its production capacities in the electric vehicle segment. The demand for electric vehicle heaters will increase significantly in the coming years.

Grow with e-mobility in the future

Eberspaecher BulgariaIm Industrial zone Slatina In the coming months, a new building with an area of ​​17.000 m² will be built in the east of the city of Ruse. This building includes production and logistics areas as well as an office and canteen complex. There is the possibility of future expansion on the 53.000 m² property.

The main focus of the new building is on a sustainable energy supply by a Photovoltaicssystem on the roof and a state-of-the-art air conditioning and heating system for the production and office areas.

In the future, the new location will include plants from leading international automobile manufacturers electric vehicle heaters supply. These products are used, for example, in electric vehicles and plug-in hybrid models for the European market.

The Buildings should be completed by autumn and start production in early 2024. Around 180 jobs will be created this year, with plans to expand to up to 500 employees and an annual production capacity of around 2,4 million heaters by 2025. In order to meet the high market demand in front of the new building, a temporary production facility was put into operation in Ruse in January 2023.

 

Eberspächer Moves to New Headquarters in Bangalore

Eberspaecher India07.01.2011 | In January 2011, the Eberspächer Sutrak Bus Climate Control Systems India Pvt. ltd their new headquarters in Bangalore. In addition to administration, production in the new plant will also start work at the beginning of the year in order to be able to locally manufacture the demand for bus air conditioning systems for the rapidly growing Indian market.

In Bangalore, Eberspächer Sütrak will produce roof air conditioning systems and split AC units on an area of ​​around 2800 m² and thus offer Indian customers the full range of bus air conditioning systems.

The new plant in South India is of strategic importance for the company. The Indian market is one of the fastest growing markets for bus air conditioning systems in the world.

“With our products, we are leaders in the bus air conditioning business in India. Our goal is to continuously expand our market share there in the coming years,” explains Joachim Tosstorf, General Manager of Eberspächer Sutrak.

“Many of our customers and suppliers are based in southern India. With the relocation of our Indian headquarters, we are now a competent and strong local partner offering the highest quality and service for maximum comfort and every type of bus air conditioning system," emphasizes Kanwal Preet Singh, Director of Eberspächer Sütrak Bus Climate Control Systems India Pvt . ltd In addition to production and sales, service and repair services, technical advice and customer training are also offered.

Supports the 50 employees in India by the German headquarters of Eberspaecher Suetrak Renningen. She had worked closely in the planning along with their Indian colleagues and supported them both in the overall process as well as the transfer of knowledge for the new facility.

What does Eberspächer do?

 

The Eberspächer Group is a leading systems developer and supplier to the automotive industry with a global presence at 80 locations. The family company with headquarters in Esslingen am Neckar offers innovative solutions in the areas of exhaust technology, vehicle electronics and air conditioning for various vehicle types.

The components and systems from Eberspächer contribute to greater comfort, greater safety and a cleaner environment in combustion and hybrid engines as well as in electromobility. In addition, Eberspächer is a pioneer for future technologies such as mobile and stationary Fuel cellnapplications, synthetic fuels and the use of Hydrogen as an energy source.

In 2022, the group of companies generated sales of around 6,4 billion euros, with adjusted net sales amounting to 2,7 billion euros.

Author information
Angela Struck

Angela Struck is editor-in-chief of the development scout and freelance journalist as well as managing director of Presse Service Büro GbR in Ried.