PRESS RELEASE
from ZF North America Capital Inc. (isin : DE000A14J7F8)
EQS-Adhoc: ZF North America Capital Inc.: ZF changes forecast for financial year 2024
EQS-Ad-hoc: ZF North America Capital Inc. / Key word(s): Change in Forecast/Change in Forecast ZF changes forecast for financial year 2024
The cost-saving measures from the performance programs are showing visible effects, but the expected burden from the market and sales declines is significantly higher than previously assumed. Based on the developments described above, ZF is adjusting its forecast for the financial year 2024 as follows.
Investor Relations contact (responsible person for publication): Charbel Chamoun, Head of Investor Relations & Rating, Phone: +49 7541 77-969305, E-Mail: charbel.chamoun@zf.com About ZF ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology. Its comprehensive product range is primarily aimed at vehicle manufacturers, mobility providers and start- up companies in the fields of transportation and mobility. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate as well as enhancing safe mobility. Alongside the automotive sector – passenger cars and commercial vehicles – ZF also serves market segments such as construction and agricultural machinery, wind power, marine propulsion, rail drives and test systems. With some 168,700 employees worldwide, ZF reported sales of €46.6 billion in fiscal 2023. The company operates 162 production locations in 31 countries. For further press information and photos, please visit: www.zf.com End of Inside Information 27-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Corporate News and Press Releases. |
Language: | English |
Company: | ZF North America Capital Inc. |
15811 Centennial Drive | |
MI 48168 Northville | |
United States | |
E-mail: | investor.relations@zf.com |
ISIN: | DE000A14J7F8, DE000A14J7G6, US98877DAC92, DE000A14J7F8, DE000A14J7G6, US98877DAA37 , |
WKN: | A14J7F, A14J7G |
Listed: | Luxembourg Stock Exchange |
EQS News ID: | 1997565 |
End of Announcement | EQS News Service |
1997565 27-Sep-2024 CET/CEST