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ZF stands its ground in a challenging environment

ZF has posted its half-year results as it continues to combat decreased output globally

ZF Services has released its first half results for 2022 as the company held its own in the global market.

In the first six months of 2022, ZF achieved sales of 21.2 billion Euros, which is a 10 per cent increase on its 2021 sales.

“The first half of the year was characterised by many uncertainties and external influences. We, as the ZF team, have mastered them well – notably based on the experience gained in the past two years of the crisis,” ZF CEO Wolf-Henning Scheider says.

“Our focus is on striking the right balance between our customers’ expectations and our earnings target while ensuring ongoing investments in future technologies.”

While worldwide vehicle production decreased from January to June, ZF generated sales of more than 21 billion Euros.

“In a weak and volatile market environment we have demonstrated stability and perseverance in our performance,” ZF CFO Dr Konstantin Sauer says.

“The challenges will not diminish in the second half of the year. But we are confident that we will remain on track through cost awareness, continued consistent mitigation of inflationary effects, and active management of our inventories. We are keeping a close eye on our annual financial targets.”


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ZF says it will continue sticking to its full-year outlook, as it expects moderate growth in Group sales in 2022.

The company says it expects new orders to drive ZF forward in the latter half of 2022, as already placed an order for the first configuration stage of the scalable ZF ProConnect connectivity platform that goes into volume production in 2024.

“With the new orders, we can manage the transformation from conventional transmissions to purely electric drives,” Scheider says.

“We now aim to further expand our leadership role in areas like power electronics.”

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