WEINHEIM, GERMANY, April 21, 2014-

In the 165th year of its history, Freudenberg, the internationally active family company, was more successful than ever before. In the 2013 financial year, the technology group reported record sales for the fourth year in succession, on the previous consolidation basis at €6,622.5 million (previous year: €6,321.7 million). Adjusted for the effects of acquisitions and disinvestments to the amount of €148.1 million and exchange rate effects, sales were 5.4 percent or €338.9 million higher than the previous year. Consolidated profit ran at €401.5 million, based on a significant improvement in business operations, compared with the figure for the previous year (€432.7 million), which included one-off extraordinary items. As at December 31, 2013, the Freudenberg Group employed 39,897 people (previous year: 37,453 people).

"Freudenberg is now more innovative and more successful than ever before," said Dr. Mohsen Sohi, Speaker of the Board of Management of the Freudenberg Group, at the annual press conference held in Weinheim on Wednesday. "Despite a challenging economic environment and negative exchange rate effects, we have grown profitably and sustainably. Sales increased in almost all Business Areas."

Nonwovens Markets subscribers - click here to read the full article.

Not a subscriber?

Try Nonwovens Markets free!