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Freudenberg Group reports record sales globally & profits surpassing € 1 billion

Freudenberg Group achieves historic sales and surpasses u20ac1 billion in profits for the first time, with ongoing investment in India expansion.....

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Freudenberg Group reports record sales globally & profits surpassing € 1 billion

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  1. FreudenbergGroupreportsrecord salesglobally&profitssurpassing €1 billionforthefirsttimeContinuesto • investinIndiaexpansionandgrowth • Operatingprofitreaches€1.1billion,surpassingthe1billion markforthefirsttime(up15percent). • Recordsalesof€11.9billion(up1.3percent)wereachieved • The equitycapitalratioclimbedto56percent(up2percentage points) • InvestmentsinResearch&Developmentgrewto€604million(up 4.6percent) • Completes175yearsofoperationsin2024,sinceitwasstarted • India,15thApril2024.FreudenbergGroup,aglobaltechnologyconglomerate,whichcommemoratesits175thanniversaryyearin2024, todayreportedrecordgrowthinrevenuesandoperatingprofitsforthe financialyear2023.Freudenbergachievedsalesof€11,902.8million, • 1.3%higherthanthepreviousyear'sfigureof€11,753.1million.The • operatingprofitof€1,081.6millionshowedasignificantincreaseof about15percent,comparedtothepreviousyear's€941.8million.The profitmarginalsoimprovedto9.1percentfromthepreviousyear's8.0 percent.FreudenbergGroupattributeditsgrowthgloballytoinnovative productlines,customerfocus,andflexibleproblem-solvingacross variousindustries. • FreudenbergIndiaalsoannouncedsignificantlyhighsalesatINR3803 crore.Theoperatingresultfor2023hasbeenrobustandthegrouphas announcedinvestmentsclosetoINR350croreinCY2024across facilitiesin Punjab,KarnatakaandTamilNadu.InMorinda,India, Freudenberghasinvestedinanewproductionfacilityforits VibracousticBusinessGroupandits Freudenberg-NOKIndiajoint venture.ThecompanyexportsclosetoINR800crorefromIndia.

  2. FreudenbergGrouphas11companiesoperatingacrossdiversesegments suchasautomotive,chemical,energy,technicaltextiles,andcleaning productsinthecountry.Earlierin2023,thegroupannouncedthe appointmentof G.Sivasailam,ManagingDirectorofgroupcompany, FreudenbergPerformanceMaterials,asthenewDirector&CEOof FreudenbergRegionalCorporateCenter India.Mr.Sivasailamtook overfromMr.GeorgGrafwhohadservedintherolesince2016,when theRegionalCorporateCenterwassetuptofurtherthegroup’scontinuedcommitmentandgrowthplansforIndia. Commentingonthegroup’sannualresultsanditsfinancialfiguresmade public,Dr.MohsenSohi,CEO,FreudenbergGroup,said,“Numerousrecordsweresetduringfiscalyear2023.Weachievedthe highestfigureseverforsalesand operatingprofit.Whenwelookback overthepast10years,itbecomesclearhowimpressivethesefiguresare.Withinasingledecade,wehaveroughlydoubledoursalesand operatingprofitwithanaverageannualgrowthrateof6and7.7percent,respectively.Ourinvestmentsinresearchanddevelopmenthavegrownby9.4percentannually,evenmorestronglyandalmost tripling.Iwouldliketothankallouremployeesworldwide.Their commitmentenabledustoachievethesehistoricresults”. “AsFreudenbergcommemorates175yearsofoperationsgloballythis year,itisindeedaproudmomentforFreudenbergIndiatobepartof thecontinuedgrowthjourney.FreudenbergGrouphasbeencommitted toitsgrowingoperationsinthecountry,acrossdiversedomainsand acrossthegroupcompanies.Wearecontinuingtoinvestinthe expansionofourfacilitiesand2024promisestobeanotheryearofkey milestoneswewillachieveinIndia”remarkedSivasailam. TheFreudenbergGroupisdrivingtheenergytransition–withits productsanditsambitiontobecomeCO2-neutralby2045. SustainabilityisapriorityforFreudenberg.Forthecompany,this mainlyinvolvesefficiencyintheuseofitsenergyandmaterialresources.FreudenbergwantstoreduceitsCO2emissionstozerobythe

  3. year2045–mainlythroughenergyconservation,electrification, purchasinganditsown generationofgreenelectricity.Keepinginmind therapidurbanizationofIndia,Freudenberg'snewinitiativealsoaimsto reducecarbonemissionsfootprint. FreudenbergGroupiscommittedtodrivingtheenergytransitionand aimstobecomeCO2-neutralby2045.Sustainabilityisatoppriority, focusingonefficientuseofenergyandmaterialresources.Thecompany planstoreduceitsCO2emissionstozeroby2045,mainlythrough energyconservation,electrification,andgreenelectricitygeneration. Freudenberghasbeensourcinggreenelectricityfromphotovoltaicand windpowersystemsforyears,includingfromitsownfacilities.Around 20 newphotovoltaicsystemshavebeeninstalledworldwide,with approximately60moreinvariousplanningandexecutionstages. AboutFreudenbergIndia FreudenberghasheldbusinesstieswithcompaniesinIndiaformore than90years.TheGrouphas11productionsitesaroundIndia,across severaldifferentindustries,andemploysaround3,000peopleat20+ locations. Formoreinformation,pleasevisit www.freudenberg.com/company/locations/freudenberg-in-india 

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