ZF's 2012 sales increase 12% year-on-year

The German company ZF announced its 2012 financial report a few days ago. The company’s cumulative sales last year reached nearly EUR 17.4 billion, up 12% from the EUR 15.5 billion in 2011.

ZF CEO Stefan Sommer said: "Like 2011, we achieved particularly strong growth in North America last year, and sales in this region have again increased by more than 40% year-on-year."

In addition to North America, ZAF’s sales in the Asia Pacific and Western Europe markets increased by 21% and 6%, respectively, while its sales in Eastern Europe and South America fell by 1% and 14% respectively.

Although ZF’s overall sales maintained steady growth in 2012, its operating profit fell 19% from 2011, from 850 million euros in 2011 to 687 million euros. In addition, the company’s total staff last year reached 74,775, an increase of 5% over 2011.

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