Press release

ZIP file is created

Your media collection

0 Item(s) | 0

Maximum download size exceeded.

There was a problem creating the zip file.

Selected Items Delete

0 Item(s) | 0

Maximum download size exceeded.

There was a problem creating the zip file.

Download the content as ZIP archive

Terms of Use — ZF Press Section

1. Scope, Definitions of Terms
1.1 These terms of use (hereinafter referred to as "Agreement") govern the relationship between

ZF Friedrichshafen AG
Corporate Headquarters / ZF Forum
Löwentaler Straße 20
88046 Friedrichshafen
Germany


(hereinafter referred to as "ZF") and the users (hereinafter referred to as "Users") of the ZF press section (hereinafter referred to as "Press Section") in connection with the download of text, video, audio, and photo content made available in the Press Section (hereinafter referred to as "Content").

1.2 Exclusively the version of this Agreement valid at the time of downloading Content by the User shall apply to the relationship between ZF and the Users.

2. Amendments to the Agreement
Amendments to this Agreement are notified to the User by way of publication on this website.

3. Use of Press Section
The use of the Press Section and the download of Content is possible without registration. Usage is free of charge.

4. Granting of Rights and Usage Restrictions
4.1 ZF grants Users a non-exclusive, non-transferable and non-sub-licensable right - revocable at any time and spatially unrestricted - to use the Content for editorial purposes in print and online media.

4.2 The Content provided in the Press Section is intended to be used by journalists, bloggers, and employees of media companies as a basis for editorial reporting. Editorial reporting normally exists when Content is used within the context of newspapers, magazines, school books, nonfiction books, blogs, and news broadcasts, without being influenced by private or business interests of third parties. Any commercial use, including, but not limited to promotional purposes, is not permitted.

4.3 Any editing of the Content is not permitted.

4.4 The dissemination of Content to unauthorized third parties is not permitted.

4.5 Any usage that is not permitted under this Agreement may, as an exception, be permitted by ZF. In this case, please send us an e-mail, including a description of the intended use, to the following address: presse@zf.com.

4.6 When using Content, the rights to a name and trademark rights as well as any other property rights of ZF and its Group companies and other third parties shall not be infringed to the extent that such rights are affected by the retrieved Content.

4.7 To the extent explicitly stated, the Content provided in the Press Section shall be used by making a reference to the stated source.

4.8 The granting of the usage right does not substantiate any further rights. ZF may limit or terminate the use of the Press Section at any time and without stating reasons.

4.9 The User agrees not to make any improper use of the Press Section, including, but not limited to avoiding any safety precautions, and not to use any equipment or applications that lead or may lead to damage to the equipment or a malfunction of the Press Section, including, but not limited to changes to the physical or logical structure of ZF's or its service providers' servers or network or other networks, and not to integrate the Press Section or part of it into other websites, neither for private nor commercial use, and not to use the Press Section for commercial purposes.

5. Limitation of Liability and Scope of Use of the Press Section
5.1 The information, statements and Content provided in the Press Section have been carefully researched and compiled. However, ZF is not liable for any errors or inaccuracies or for the completeness, accuracy and currency of the Content.

5.2 It cannot be ruled out that technical disruptions may occur when using the Press Section, for example delays in, or impossibility of, downloads of Content. In particular, ZF shall accept no liability for any resulting damage suffered by Users, including, but not limited to such damage arising from errors, delays, or interruptions in transmission, in case of failure of the technical equipment and the Press Section, incorrect Content, loss or deletion of data, viruses, or otherwise. This does not apply to claims for damages of the User from injury to life, body, or health or a violation of essential contractual obligations (cardinal obligations) as well as the liability for other damage that is based on willful misconduct or gross negligence on the part of ZF, its legal representatives or vicarious agents.

5.3 Essential contractual obligations are those whose fulfillment is necessary to achieve the purpose of the Agreement. In the event of breaches of essential contractual obligations, ZF shall only accept liability for the foreseeable damage typical of the contract if it was caused by ordinary negligence, unless it concerns claims for damages by the User arising from injury to life, body or health.

5.4 The provisions of the Product Liability Act remain unaffected.

6. Information on Data Processing
For all information on data collection, processing and use, please refer to the Data Privacy Statement for the Press Section which is accessible in printable form any time via the "Data Privacy Statement

7. Final Provisions
7.1 The usage relationship between ZF and the User is governed by the laws of the Federal Republic of Germany to the exclusion of the United Nations Convention on Contracts for the International Sale of Goods.

7.2 The possible ineffectiveness of a condition subject to this contract does not have any influence on the validity of the Agreement itself. The invalid term will in this case be replaced by the statutory provisions, to the extent available. However, if this represents unreasonable hardship for one of the contracting parties, the Agreement shall become void in its entirety.

7.3 The User expressly confirms prior to download to have read and accepted the provisions of this Agreement.

7.4 ZF reserves the right to transfer this Agreement to another party without the consent of the User, provided that this party undertakes to be bound by the Agreement's provisions.

8. Contact
If you have any questions or comments concerning these terms of use, please contact:

ZF Friedrichshafen AG
Corporate Headquarters
Graf-von-Soden-Platz 1
D-88046 Friedrichshafen


internetservice@zf.com

ZF in 2016: Increased Profits, Reduced Debt

  • Group sales rose to €35.2 billion
  • €2 billion adjusted free cash flow
  • Debt from the TRW acquisition reduced by €1.6 billion
  • Research spending raised to €2 billion

Friedrichshafen. ZF Friedrichshafen AG closed the 2016 fiscal year with a significant rise in profits and a strong improvement in cash flow. Group sales rose by 20.6 percent to €35.2 billion. The adjusted EBIT margin climbed one percentage point to 6.4 percent and adjusted free cash flow totaled €2 billion. From this strong financial position, ZF reduced its debt from the TRW acquisition by €1.6 billion while increasing spending on research and development to €2 billion. In 2017, the company is targeting sales of approximately €36 billion and an adjusted EBIT margin of more than 6 percent.

“ZF demonstrated its strength in 2016 with outstanding business figures and innovative products,” said CEO Dr. Stefan Sommer, describing the fiscal year just ended. “This strength gives us a solid foundation to help shape the challenging transformation in the automotive industry through digitalization, electromobility and autonomous driving.”

Following the TRW acquisition in mid-May 2015, sales from the resulting new Active & Passive Safety Technology Division were included for the first time in the ZF Group Sales in 2016. This helped reported sales to rise by 20.6 percent to €35.2 billion. Compared to the pro-forma figures of the previous year, including the TRW sales for all of 2015, sales rose by 2.2 percent. Organic growth without exchange rate effects as well as buying and selling activities was 4.2 percent.

ZF’s automotive sales increased moderately in 2016, especially for automatic passenger car transmissions and safety technology. Sales posted by the Industrial Technology Division rose 16.7 percent compared to 2015. This was due in particular to the acquisition of the wind turbine gearbox and industrial drives segments from Bosch-Rexroth as well as significantly higher sales in the Wind Power Business Unit. As a result the share of Industrial Technology in total Group sales rose to eight percent. That is consistent with the objectives of the ZF 2025 Strategy for greater diversification of ZF business activities.

Considerable improvement in earnings

ZF was able to considerably improve its earnings in 2016. Earnings before interest and taxes (EBIT) adjusted for extraordinary items climbed from just under €1.6 billion to €2.2 billion. This corresponds to an adjusted EBIT margin of 6.4 percent, which equals an increase of around 20 percent. The main reasons for this were better operating performance and synergies leveraged by integrating TRW. The adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) grew from €2.9 billion to over €3.8 billion, which corresponds to an adjusted EBITDA margin of 10.8 percent. ZF thus exceeded its earnings targets for 2016.

Adjusted free cash flow amounted to €2 billion. There was a positive effect from the increased cash flow from operating activities, especially in the form of improved operating performance, synergies from the TRW integration and targeted investment. ZF was able to reduce its debt load by roughly €1.6 billion in fiscal year 2016. Further debt reduction remains a central company target for 2017.

“Our sound income and financial power in 2016 as well as our strong free cash flow of more than €2 billion allowed us to quickly reduce the debt from the TRW acquisition and simultaneously invest in future technologies,” was how ZF's Chief Financial Officer Dr. Konstantin Sauer characterized the current financial position of the ZF Group.

Number of employees stable

As of December 31, 2016, ZF had a global workforce of 136,820 (2015: 138,269). The slight decline compared to 2015 is primarily due to the sale of the Engineered Fasteners & Components Business Unit concluded in July 2016. This business unit had roughly 2,800 employees. In addition, the Cherry Group with roughly 400 employees was sold to the German private investment company GENUI in October 2016.

At the same time, ZF created around 1,800 new jobs last year and ranks among the leading German companies to provide exten¬sive training and apprenticeship opportunities. At the end of 2016, ZF’s workforce counted more than 2,800 apprentices and students in the work-study degree program, respectively (2015: 2,300).

Investments in the future

14,550 employees work for ZF Research and Development worldwide. In 2016, ZF invested €2 billion in research and development, which accounts for 5.5 percent of sales (2015: 4.8 percent). This increase compared to the previous year resulted primarily from intensified development activities in the Active & Passive Safety Technology and E-Mobility Divisions.

“ZF is grasping the opportunity of transforming itself into a leading technology company in e-mobility and autonomous driving,” says CEO Dr. Stefan Sommer. ZF is counting on its combined strengths in mechanical and electronic systems. “The car of the future will still rely on mechanical components. Even an ‘iPhone on wheels’ needs brakes, a steering system, axles and the rest,” says Dr. Stefan Sommer. “Our strength is our combination of hardware and software. So we produce intelligent mechanical systems.”

2017 Forecast

For the current fiscal year, ZF expects Group sales of roughly €36 billion, an adjusted EBIT margin of more than 6 percent as well as an adjusted EBITDA margin of over 10 percent. With an adjusted free cash flow of significantly more than €1 billion, ZF will continue to reduce its debt and invest in the future. “Starting from this position of strength and financial stability, we can afford to invest heavily in future-oriented technology. This will help secure jobs for our employees over the long term,” says Sommer.

Download complete press release

Media

Text

ZF in 2016: Increased Profits, Reduced Debt

Friedrichshafen. ZF Friedrichshafen AG closed the 2016 fiscal year with a significant rise in profits and a strong improvement in cash flow. Group sales rose by 20.6 percent to €35.2 billion. The ...

Download

Image

Image

Dr. Stefan Sommer, CEO ZF Friedrichshafen AG

Dr. Stefan Sommer, Chief Executive Officer of ZF Friedrichshafen AG, responsible for: Corporate Research & Development, ZF Aftermarket

More information
Download
Image

Dr. Stefan Sommer, CEO ZF Friedrichshafen AG

Dr. Stefan Sommer, Chief Executive Officer of ZF Friedrichshafen AG, responsible for: Corporate Research & Development, ZF Aftermarket

More information
Download
Image

Dr. Stefan Sommer, CEO ZF Friedrichshafen AG

Dr. Stefan Sommer, Chief Executive Officer of ZF Friedrichshafen AG, responsible for: Corporate Research & Development, ZF Aftermarket

More information
Download
Image

Dr. Konstantin Sauer, MOB ZF Friedrichshafen AG

Dr. Konstantin Sauer, Member of the Board of Management of ZF Friedrichshafen AG, responsible for: Corporate Finance, IT, M&A

More information
Download
Image

Dr. Harald Naunheimer, Head of Research and Development, ZF

Dr. Harald Naunheimer, Head of Research and Development at ZF Friedrichshafen AG

More information
Download
Image

Torsten Gollewski, ZF Friedrichshafen AG

Torsten Gollewski, Manager Advanced Engineering and Design at ZF Friedrichshafen AG; Managing Director of Zukunft Ventures GmbH

More information
Download
Image

Mamatha Chamarthi, ZF Friedrichshafen AG

Mamatha Chamarthi, Chief Digital Officer at ZF Friedrichshafen AG

More information
Download
Image

Jörg Grotendorst, ZF Friedrichshafen AG

Jörg Grotendorst, Head of the E-Mobility Division at ZF Friedrichshafen AG

More information
Download
Image

Dr. Klaus Geißdörfer, ZF Friedrichshafen AG

Dr. Klaus Geißdörfer, Head of the Industrial Technology Division at ZF Friedrichshafen AG

More information
Download
Image

ZF - Connected Mobilty

In line with its motto “See – Think – Act,” ZF equips cars and trucks with new sensing abilities and greater intelligence, which are essential elements of future mobility in a networked world.

More information
Download
Image

ZF Rinspeed Oasis

The Rinspeed Oasis is the first vehicle to be built on the Intelligent Rolling Chassis (IRC) platform from ZF.

More information
Download
Image

ZF’s Intelligent Rolling Chassis (IRC)

ZF’s Intelligent Rolling Chassis (IRC) combines an axle-integrated electric drive with an extremely agile chassis and a flat vehicle floor.

More information
Download
Image

ZF ProAI

With ZF ProAI, ZF and NVIDIA are bringing artificial intelligence to the transportation industry– laying the groundwork for the accelerated adoption of autonomous driving functions.

More information
Download
Image

ZF's X2Safe

ZF's X2Safe can detect pedestrians that are not yet visible to drivers, cameras or radar and can send both pedestrians and drivers audible and visible warnings.

More information
Download
Image

ZF's 8-speed plug-in hybrid transmission

The 8-speed plug-in hybrid transmission from ZF: The electric motor, clutch(es), torsional vibration dampers and hydraulics are integrated efficiently and compactly into the transmission.

More information
Download
Image

ZF TRW's pre-crash external airbag

ZF TRW's pre-crash external airbag helps to partially absorb the energy from a side impact crash.

More information
Download
Image

ZF Forum

The ZF Forum, headquarters of ZF Friedrichshafen AG in Friedrichshafen on Lake Constance (Germany), provides office workplaces for up to 700 employees. In addition, an exhibition on the ground floor of the building offers an insight into the past, present and future of ZF, its products and technologies.

More information
Download
Image

ZF Forum

The ZF Forum, headquarters of ZF Friedrichshafen AG in Friedrichshafen on Lake Constance (Germany), provides office workplaces for up to 700 employees. In addition, an exhibition on the ground floor of the building offers an insight into the past, present and future of ZF, its products and technologies.

More information
Download
Image

ZF TraXon Production, Friedrichshafen

Production of ZF TraXon, the fully automatic transmission system from ZF for modern trucks, at the ZF site in Friedrichshafen, Germany.

More information
Download
Image

ZF's 8 Speed Automatic Transmission Production, Saarbrücken

At the ZF site in Saarbrücken, Germany, the 8 speed automatic transmission for passenger cars is being produced – including its hybrid version.

More information
Download
Image

ZF's Division E-Mobility, Schweinfurt

ZF’s Division E-Mobility offers hybrid modules, plug-in hybrid transmissions as well as electric drives for electric vehicles complete with power electronics and system integration. The photo shows the assembly of an electrical machine for hybrid drivelines (passenger car) in Schweinfurt, Germany.

More information
Download
Image

ZF's Division E-Mobility, Friedrichshafen

ZF’s Division E-Mobility offers hybrid modules, plug-in hybrid transmissions as well as electric drives for electric vehicles complete with power electronics and system integration. The photo shows the testing of power electronics in Friedrichshafen, Germany.

More information
Download

Press contact

Andreas Veil
Head of Business and Finance Communications
Phone: +49 (0)7541 77-7925
andreas.veil@zf.com

Christoph Horn
Head of Corporate Communications
Phone: +49 7541 77-2705
christoph.horn@zf.com