- Operating profit reaches €1.1 billion, surpassing the 1 billion mark for the first time (up 15 percent).
- Record sales of €11.9 billion (up 1.3 percent) were achieved
- The equity capital ratio climbed to 56 percent (up 2 percentage points)
- Investments in Research & Development grew to €604 million (up 4.6 percent)
- Completes 175 years of operations in 2024, since it was started
India, 8th April 2024. Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of €11,902.8 million, 1.3 % higher than the previous year’s figure of €11,753.1 million. The operating profit of €1,081.6 million showed a significant increase of about 15 percent, compared to the previous year’s €941.8 million. The profit margin also improved to 9.1 percent from the previous year’s 8.0 percent. Freudenberg Group attributed its growth globally to innovative product lines, customer focus, and flexible problem-solving across various industries.
Freudenberg India also announced significantly high sales at INR 3803 crore. The operating result for 2023 has been robust and the group has announced investments close to INR 350 crore in CY 2024 across facilities in Punjab, Karnataka and Tamil Nadu. In Morinda, India, Freudenberg has invested in a new production facility for its Vibracoustic Business Group and its Freudenberg-NOK India joint venture. The company exports close to INR 800 crore from India.