Eberspaecher successfully continues its transformation

Esslingen (Germany), 6 June 2025 – Despite a challenging 2024 financial year and decreasing revenues in all Divisions, the Eberspaecher Group is successfully continuing its transformation. The company is opening up new business areas with significant operational improvement and a clear focus on manufacturing excellence.

The Eberspaecher Group looks back on the 2024 financial year with caution. Eberspaecher was negatively impacted by global uncertainties and the slowdown in international industrial production, particularly in the second half of the year. This affected all Divisions. E-mobility products also experienced significantly lower call-offs than expected. The consolidated revenue of the Eberspaecher Group decreased by 16.0% to EUR 5,333.2 million (prior year: EUR 6,349.0 million). Net revenue – adjusted for transitory items such as monoliths* decreased by 9.0% to EUR 2,731.7 million. This development is due to changes in the product mix and therefore to a lower proportion of transitory items and lower precious metal prices. The purely operating result adjusted for extraordinary items and one-off expenses in connection with the transformation, amounted to EUR 114.1 million (prior year: EUR 58.0 million). The operating result increased significantly despite a drop in revenue. The cost-cutting and restructuring measures introduced and the consistent focus on manufacturing excellence at the global plants were a couple of the key factors that contributed to this. The company employs 10,680 employees in over 30 countries, with around 3,600 of these employees based in Germany.

Outlook
“We are continuing to pursue our course of technological openness,” emphasizes Martin Peters. He continues: "We are essentially a technology provider, and we transfer existing expertise to new business areas, including outside the automotive industry. This opens up opportunities for long-term success in changing market conditions.” This includes the hydrogen activities. In order to increase the availability of hydrogen, Purem by Eberspaecher developed a concept for the industrial production of high-temperature electrolyzers as part of a strategic partnership with Topsoe. The Group’s exhaust and acoustics specialist delivered the first two four-ton units to the Danish technology company at the beginning of June.

Meanwhile, the current financial year remains challenging due to the high volatility in the markets. “Our focus is therefore on maximum flexibility in our actions and on improving efficiency and competitiveness in our core business. The transformation measures introduced in recent years are having an impact,” summarizes Martin Peters.

*Monoliths are components coated with precious metals that are installed in exhaust systems (catalytic converters) and do not contribute to value creation.

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Key figures can be found in a compact form at Brief overview of the Eberspächer Group.

Global Media Contact: 
Anja Kaufer
Vice President Corporate Communications 
Eberspächer Group
Phone: +49 711 939-0250
press@eberspaecher.com

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About Eberspaecher:
With approximately 10,700 employees at 80 locations worldwide, the Eberspaecher Group is one of the automotive industry’s leading system developers and suppliers. The family business, headquartered in Esslingen am Neckar, stands for innovative solutions in exhaust technology, automotive electronics and thermal management for a broad range of vehicle types. In combustion or hybrid engines and in e-mobility, the components and systems from Eberspaecher ensure greater comfort, higher safety and a clean environment. Eberspaecher is paving the way for future technologies such as mobile and stationary fuel cell applications, synthetic fuels as well as the use of hydrogen as an energy carrier. In 2024, the Group generated revenue of around 5.3 billion euros. Net revenue adjusted for transitory items amounted to 2.7 billion euros.