2014 fiscal year ended for the Eberspächer group of companies with a sales increase of 23.4% and a black zero as a result. The strong growth is mainly attributable to our leading position in the commercial vehicle exhaust technology in Europe and the United States. For declining earnings, in particular problems of efficiency in two locations were responsible in addition to one-off effects. The rehabilitation programmes initiated by us showed their effect but in the course of the year 2014. For the current and the coming years, we expect not only with an above-average annual growth rate of more than 10%, but also significantly increasing results.You can find a comprehensive overview of the past year and the strategic direction of our company group in the annual report.In automotive of controls, we were able with the inauguration of our new production site in Landau, the founding of the area special ECU in Esslingen, as well as of the project and distribution site in Novi, Michigan important way for our growth.Our above-average R & D expenditure benefits including new energy storage systems, a universal controller for special and commercial vehicles or gateway solutions for climate control systems.Our new website provides additional information about the electronics at Eberspächer.
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