German auto parts supplier ZF (2010 revenue) expects ZERF revenue to reach 12.9 billion euros (about 17.2 billion U.S. dollars) in 2010, a 38% increase from 2009 year-on-year revenue.
The financial report published by ZF in mid-September 2010 showed that in the first eight months of 2010, ZF sales revenue rose by 40% year-on-year, from 5.8 billion euros in the same period in 2009 to 8.2 billion euros. At that time, ZF CEO Hans-Georg Härter expects ZF revenue will exceed 1.2 billion euros in 2010.
ZF also expects that ZF will completely turn around in losses in 2010. In 2009, ZF suffered a net loss of 421 million euros.
Härter said: “At the beginning of 2010, we absolutely did not expect to be able to do so quickly and completely restore profitability. Through various efforts in 2010, we reached a profit goal in advance and sales revenue will even exceed the highest value in 2007. In 2007, ZF sales revenue reached 12.65 billion euros; in 2008 sales revenue was 12.5 billion euros.
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