Overview
- Special charges of roughly €1.6 billion from ending unprofitable e-mobility projects were the primary driver of the loss.
- Adjusted EBIT improved to about €1.75 billion, reflecting operational progress despite the restructuring.
- Net debt remained elevated at €10.2 billion and the equity ratio fell to 13.3%, underscoring balance-sheet pressure.
- Revenue declined 6% to €38.8 billion, and the company forecasts just over €38 billion in sales for 2026 as demand remains subdued.
- ZF is proceeding with plans to cut up to 14,000 jobs in Germany, with headcount down about 5% to 153,153 worldwide and just over 49,000 in Germany at year-end.