Freudenberg discusses its 2014 FY; profit jumps 19% to Euro 478.3 million




WEINHEIM, GERMANY, April 28, 2015-

Freudenberg, the global family-owned company, continues to be successful. In the 2014 financial year, the technology group reported record sales for the fifth year in succession on the basis of pro-rata consolidation of joint ventures, at €7,039.1 million (previous year: €6,662.5 million), representing growth of €416.6 million or 6.3 percent over the previous year. Adjusted for the effects of acquisitions and disinvestments to the amount of €131.0 million and exchange rate effects, sales were 5.6 percent or €368.0 million higher than the previous year. Sales rose in all Business Groups. Consolidated profit ran at €478.3 million (previous year: €401.5 million), mainly as a result of market success and innovative products. As at December 31, 2014, the Freudenberg Group employed 40,456 people (previous year: 39,897 people).

"Thanks to the enormous commitment and excellent performance of our more than 40,000 employees worldwide, Freudenberg achieved profitable and sustainable growth," said Dr. Mohsen Sohi, CEO of the Freudenberg Group, at the annual press conference held in Weinheim on Tuesday. "We also progressed well with the strategic evolution of our company, made increases in productivity, strengthened our innovation capabilities, increased the transparency of our organization, and further expanded our world-wide presence and our broadly-diversified product portfolio," Sohi emphasized.


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