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GlobalCompanyAnnual Report 2021
GlobalCompanyAnnual Report 2021
Next Generation Mobility @ ZF
CompanyAnnual Report 2021

Annual Report 2021

CEO Interview on the Annual Report

Talking to Wolf-Henning Scheider

CEO Wolf-Henning Scheider explains how ZF pushed forward its transformation last year and is shaping it going forward.

Download the 2021 Annual Report

Is the future programmable? Software will be a decisive factor for success in the mobility industry, and not just for ZF. Because the automobile is increasingly software-defined, the company is pushing the topic to the forefront of its thinking and actions. It is therefore no surprise that the Annual Report has a strong software theme in terms of both look and content. Find all the key facts and figures on the 2021 annual accounts in this downloadable PDF.

KEY FIGURES FOR 2021

Annual Turnover and Profit Targets Achieved Despite Challenging Conditions

Technology group ZF last year achieved its financial targets in what remains a challenging business environment.

At 38.3 billion euros, revenue increased year-on-year by 17.5 percent, considerably exceeding the 2020 figure of 32.6 billion euros, and also above that of 2019 (36.5 billion euros). Adjusted EBIT was 1.91 billion euros (2020: 1.0 billion euros), while adjusted EBIT margin came in at 5.0 percent (2020: 3.2 percent). Meanwhile, ZF continued its strategic orientation, focused on the future of mobility, and secured substantial new customer contracts in the three core areas of electric mobility, autonomous driving and software development. details are in the PDF of the summary Annual Report further up this page.

On course

2021: A Year Full of Change, Challenge – and Opportunity

Rarely has the economy been subject to such frequent and rapid fluctuations. Following a difficult year affected by the Covid-19 pandemic, the company was able to find its feet again in 2021, before the brakes were slammed on once more by the semiconductor shortage, supply-chain problems, high prices for energy and logistics and, not least, the fourth wave of the pandemic. Everyone in the sector had to battle these conditions, not just large companies. But not all of them were able to handle it. In 2021, ZF demonstrated that the Mobility Group has not only understood the core challenges but is also equipped to overcome them thanks to long-term planning as well as a clear vision and strategy. Read the details on the pages that follow.

How ZF is Shaping the Transformation

The digital transformation is necessitating fundamental changes in all areas. In terms of future development, ZF sees electric mobility, automated and autonomous driving and software-defined vehicles as the main drivers of this transformation. Read here in detail about the strategy the Group is using to tackle the challenges in these areas and the progress that has already been made.

How ZF Thinks and Acts Sustainably

Sustainability encompasses far more than environmental protection. It also includes topics such as social responsibility, equal rights and equal opportunities. ZF has already achieved a great deal in this regard, and has also set itself ambitious targets for the future. Find out here what they are – and how ZF is ensuring more sustainability.

It’s About Community

In 2021, ZF successfully pursued the ZF Way. At a time in which the pace of change is increasing sharply, the Group-wide, long-term program provides orientation for ZF employees as they journey together towards the future.

Sales Development by Region

Compared to the previous year, the market recovery in 2021 was clearly visible in all regions, but at varying degrees of intensity.

At €9,395 million, sales in the Region of Asia-Pacific were above the prior-year figure (2020: €8,147 million). In fiscal year 2021, sales in North America amounted to €10,194 million (2020: €8,587 million), which corresponds to a growth rate of 18.7%. For the whole year, sales in Europe amounted to €17,297 million, which is 16.8% above the prior year’s level. Sales increases were also recorded in the Regions of South America and Africa. Sales amounted to €1,054 million at the end of the year in South America and to €373 million in Africa.

The distribution of sales by region resulted in the following picture: The top-selling region was again Europe, accounting for 45%, followed by North America with 27% and Asia-Pacific with 24%. The Region of South America and the Region of Africa have a sales share of 3% and 1%, respectively.

Years:
2020 - 2021

Touch the segments in the chart to learn more about the development of sales. Or filter by region.

Invest Region

In the past fiscal year, investments in property, plant and equipment amounted to €1,605 million (2020: €1,441 million). In geographical terms, capital expenditure focused on Europe (59%), followed by Asia-Pacific (23%) and North America (16%).

Years:
2020 - 2021

Touch the segments on the chart to learn more about the development of investments. Or filter by region