ZF Friedrichshafen has posted 2014 sales growth of 9% to EUR18.4bn (US$19.8bn), with EBIT up 36% to EUR1.1bn.
“2014 was again characterised by heterogeneous market trends,” said ZF CEO, Stefan Sommer. “It is all the more gratifying we reached our goal.
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“Our employees contributed to this success with their extraordinary commitment.”
ZF says the main growth driver was business with automatic passenger car transmissions and axle systems.
“The 8-speed automatic transmission, whose second generation we launched last year, has been especially popular among customers,” added Sommer.
The supplier noted however, the market for commercial vehicles and off-road machinery, “turned out to be more difficult.”
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