Get latest articles and stories on Business at LatestLY. Bangalore (Karnataka) [India], April 9: Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of EUR11,902.8 million, 1.3 % higher than the previous year's figure of EUR11,753.1 million. The operating profit of EUR1,081.6 million showed a significant increase of about 15 percent, compared to the previous year's EUR941.8 million. The profit margin also improved to 9.1 percent from the previous year's 8.0 percent. Freudenberg Group attributed its growth globally to innovative product lines, customer focus, and flexible problem-solving across various industries. Business News | Freudenberg Group Reports Record Sales Globally & Profits Surpassing EUR 1 Billion for the First Time.
Freudenberg Group reports record sales globally & profits surpassing EUR 1 billion for the first time
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