Freudenberg Full-Year Report 2022

At €11,753.1 million, sales were noticeably higher than the prior-year level of €10,038.7 million, and as a result the forecast development was exceeded. The increase despite challenging market conditions is mainly attributable to sales price increases as a result of inflation and positive exchange rate effects.

At €941.8 million, the operating result was higher than the prior-year level of €877.3 million and therefore above the forecast development. The rise is attributable to sales price increases, largely offset by significantly higher material and energy costs and higher earnings contributions from slightly higher sales volumes.

In the 2022 financial year, Freudenberg generated sales of €11,753.1 million (previous year:€10,038.7 million). Exchange rate effects totaling €495.2 million had a positive effect on sales. These effects were primarily attributable to developments in the exchange rates of the US dollar, the Japanese yen and the Mexican peso. Acquisitions in the year under review accounted for sales of some €114.2 million.

The financial result rose by €18.8 million compared with the previous year, chiefly as a result of the rise of €12.9 million in other investment result and the rise of €2.1 million in the pro rata share in the results of associated companies.