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last mo.

ZF Reports €1 Billion Loss in 2024 as Restructuring Efforts Intensify

The automotive supplier cites high restructuring costs and declining revenues while planning workforce reductions and new strategies for its electric drive division.

„2024 hat deutlich gemacht, unter welch enormem Druck unsere Branche steht“, sagt der ZF-Vorstandschef
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Overview

  • ZF recorded a net loss of over €1 billion in 2024, driven by €600 million in restructuring costs and weak market conditions.
  • Revenue fell by 11% to €41.4 billion in 2024, compared to €46.6 billion the previous year.
  • The company plans to cut up to 14,000 jobs in Germany over the coming years as part of its cost-saving measures.
  • ZF's electric drive division, generating €11.5 billion in revenue, is being prepared for partnerships to enhance its independence and attract investment.
  • For 2025, ZF projects revenue exceeding €40 billion but anticipates continued challenges in the automotive sector due to weak economic conditions and low demand for electric vehicles.