Overview

• ZF reported a €195 million net loss in the first half of 2025, marking its second consecutive half-year in the red.
• Net debt rose to approximately €10.5 billion, fueled by earlier acquisitions of TRW and Wabco and higher interest expenses.
• Adjusted EBIT increased 12 percent to €874 million even as revenue dropped 10.3 percent to €19.7 billion in H1 2025.
• Management and employee representatives formed a “Bündnis für Wettbewerbsfähigkeit und Beschäftigungssicherung” to agree restructuring measures for Division E by September 30.
• Up to 14,000 jobs in Germany remain slated for cuts by 2028, prompting more than 10,000 employees to protest planned reductions.