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Eberspaecher forecasts slight increase in revenue for 2017

The German automotive supplier Eberspaecher forecasts sustained positive income development with a slight increase in revenue for 2017, a press release shows.

2017-05-16 15:44:04

The Eberspaecher Group generated consolidated revenue in fiscal year 2016, totalling 4.3 billion Euro. The consolidated result of 61 million Euro was substantially up year-on-year (previous year: -29.2 million Euro).

Research and development expenditure of 147.3 million Euro (previous year: 149.6 million Euro) remained on a high level. The number of people employed by the Group on average over the year rose to 9,063 (+5.2 per cent). Eberspaecher created 452 new jobs worldwide.

"We are pursuing our goals and are generating targeted growth," said Managing Partner Heinrich Baumann. "With consistent investment in new technologies and markets, we are contributing to shaping the mobility of the future. We forecast sustained positive income development with a slight increase in revenue for 2017."




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