MAHLE Achieves Record Sales of EUR 12.8 Billion in 2023

Operating profit (EBIT) rose from EUR 60 million to EUR 304 million. The group result was positive at EUR 26 million.

April 16, 2024. By Anurima Mondal

Automotive supplier MAHLE closed the 2023 financial year with the record sales of EUR 12.8 billion. With the operating profit (EBIT) rising from EUR 60 million to EUR 304 million, the group result was positive at EUR 26 million.

“We have a strong market position in our core products and, thanks to our innovations in e-mobility, growing acquisition successes in this sector as well. We are on the upswing. Even though we have another highly volatile year ahead of us. We are heading in the right direction,” said Arnd Franz, Chairman of the Management Board and CEO of the company.

“We will continue along this path in 2024. The goal is to continuously improve our profitability through – for example – excellence initiatives in purchasing, production, sales, and administration,” added Markus Kapaun, member of the Management Board of the MAHLE Group and CFO.

All business units and world regions contributed to the growth in sales. In Europe and North America in particular, the business units primarily connected to the internal combustion engine grew significantly.

The sales of engine systems and components grew by 9.3 percent globally, adjusted for exchange rate effects, to EUR 2.6 billion. The Filtration and Engine Peripherals business unit reported sales growth of 9.7 percent, adjusted for exchange rate effects, to EUR 2.1 billion. The Aftermarket business unit also recorded impressive results. Its sales grew by 22 percent, adjusted for exchange rate effects, to EUR 1.3 billion.

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Electric vehicles sub-components

Electric Vehicles