ZIEHL-ABEGG GROWS BY 8.1% TO 584 MILLION EURO IN REVENUE
Ziehl-Abegg achieved in 2018 an above-average growth: the revenue increased by 8.1 percent to 584 million euros (provisional figures). In 2017 it had been 540 million euros. The sales figures are largely driven by the strong growth of the fan business in the air technology sector. The signs for the sale of the electric wheel hub drive for city buses, ZAwheel, are positive.
Although the future for the ZAwheel looks positive Ziehl-Abegg stated that the dynamics in the past year fell short of expectations. "The new generation with two power levels and an integrated control module, however, is so well received in the market that we have revised our plan for 2019 upwards", says CEO Peter Fenkl. The flagships are double-decker buses, which are used for city tours in Paris, London, Amsterdam or Berlin.
The independent suspension for the gearless electric motor ZAwheel, which was presented at the IAA Commercial Vehicles in September, has made the application very interesting for other commercial vehicles as well and caught the interest of well-known several commercial vehicle manufacturers.
For the fan division Ziehl-Abegg started its own plastics production in the industrial park Hohenlohe (Germany). Highly complex tools enable the implementation of elaborate geometries in plastic fans. "This allows us to better transfer knowledge from nature to our products," says Fenkl, explaining the bionic approaches. "Bionics helps us to further improve the carbon footprint of our products." Over 2018 Ziehl-Abegg noted an increase in number of employees 4,100 people worldwide (previous year: 3,900) of which 2,250 in the Germany.