ZF reported sales of €41.4 billion for the 2024 fiscal year, an 11% decrease driven by the deconsolidation of its axle assembly line, which previously contributed €2.6 billion in sales. Excluding this factor, the organic decline was about 3%. Amid ongoing strategic realignment, ZF is evaluating a spin-off of its Electrified Powertrain Technologies division. Despite volume decreases in both passenger and commercial vehicles, the aftermarket segment saw a 12% sales increase due to heightened service demands. ZF is focusing on core sectors and exploring partnerships to foster growth in electric mobility and advanced technologies.
ZF's sales for the 2024 fiscal year dropped 11% to €41.4 billion, mainly due to deconsolidating axle assembly sales; however, the organic decline was only 3%.
The group reported lower volumes in passenger cars and commercial vehicles, but its aftermarket segment rose by 12%, indicating strong service demands despite new vehicle sales downturn.
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