Put companies on watchlist
ZF North America Capital Inc.
ISIN: DE000A14J7F8
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

ZF North America Capital Inc. · ISIN: DE000A14J7F8 · EQS - adhoc news (5 News)
Country: USA · Primary market: Germany · EQS NID: 1997565
27 September 2024 01:55PM

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 North America Capital Inc.: ZF changes forecast for financial year 2024

27-Sep-2024 / 13:55 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.


ZF changes forecast for financial year 2024
 
  • Weak economy and market decline reflected in ZF's forecast for 2024
Friedrichshafen. The accelerated, significant market decline and the associated sharp drop in customer call-offs lead to an adjustment of ZF's annual forecast. In addition, a reassessment of risks in the powertrain technologies business results in lower earnings expectations.

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.
 
  • ZF now expects Group sales between EUR 40 and 42 billion (previously: EUR 42.5 to 43.5 billion).
  • The adjusted EBIT margin is expected to be between 3 and 4 percent (previously: 4.9 to 5.4 percent).
  • The adjusted free cash flow is estimated to be higher than EUR 100 million (previously: higher than EUR 800 million)


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.
Archive at www.eqs-news.com/international


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

fncls.ssp?fn=show_t_gif&application_id=1997565&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.