Baden-Württemberg: Eberspächer is recovering: but remains below the pre-crisis level

Esslingen (dpa/lsw) - The auto supplier Eberspächer has recovered from the Corona dent in 2020, but remains below the pre-pandemic level.

Baden-Württemberg: Eberspächer is recovering: but remains below the pre-crisis level

Esslingen (dpa/lsw) - The auto supplier Eberspächer has recovered from the Corona dent in 2020, but remains below the pre-pandemic level. As can be seen from the annual report presented in Esslingen on Tuesday, sales rose by 18.5 percent compared to the previous year to six billion euros. However, the sharp increase was due to increased prices for precious metals used in catalytic converters, the company said. In net terms, sales fell by 1.2 percent to around 2.3 billion euros.

The annual result was 21 million euros and was thus above the previous year's figure of minus 42.9 million euros, but below the pre-corona level. In 2019, the profit was still 65.8 million euros.

"The transformation of our industry continues to accelerate," said CEO Martin Peters. By 2025, his company will generate around 47 percent of its net sales with products independent of combustion engines. It is currently a good 30 percent, said a spokeswoman when asked.

Eberspächer specializes in exhaust technology, air conditioning systems and vehicle electronics. According to the company, it employs around 10,600 people at 80 locations worldwide.