EQS-Adhoc 497 0 Kommentare ZF Finance GmbH: ZF adjusts cash flow forecast

EQS-Ad-hoc: ZF Finance GmbH / Key word(s): Forecast/Change in Forecast
ZF Finance GmbH: ZF adjusts cash flow forecast

22-Nov-2022 / 19:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.

ZF adjusts cash flow forecast

Friedrichshafen. ZF is adjusting its cash flow forecast for 2022 and narrowing its earnings expectations. According to current calculations, ZF will achieve an adjusted free cash flow of around €0.5 billion, which is below the targeted range of €1.0 to €1.5 billion. At the end of the first half of the year, the forecast was already adjusted to the lower end of the range. Main reasons for this are liquidity burdens from higher working capital due to inflation effects and necessary security stocks due to the continuing unstable supply chains. In addition, the reimbursements agreed with customers for inflation-related cost increases will partially not impact liquidity until the next fiscal year. The adjusted EBIT margin remains within the forecast corridor – although in the lower half of the targeted range. For 2022, ZF now expects an adjusted EBIT margin of between 4.5 and 5.0 percent. Previously, the company had stated a corridor of between 4.5 and 5.5 percent as its target.

Despite the difficult general conditions, ZF's sales will be well above the €40 billion for the first time according to current estimates: Latest plans predict that sales will rise from €38.3 billion in the previous year to around €44 billion this year.

Investor Relations contact (responsible person for publication):

Charbel Chamoun, Head of Investor Relations & Rating
Phone: +49 7541 77-969305, E-Mail: charbel.chamoun@zf.com

About ZF

ZF is a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology, enabling the next generation of mobility. ZF allows vehicles to see, think and act. In the four technology domains of Vehicle Motion Control, Integrated Safety, Automated Driving, and Electric Mobility, ZF offers comprehensive product and software solutions for established vehicle manufacturers and newly emerging transport and mobility service providers. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate and enhancing safe mobility.

With some 157,500 employees worldwide, ZF reported sales of €38.3 billion in fiscal 2021. The company operates 188 production locations in 31 countries.

For further press information and photos, please visit: www.zf.com

22-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Corporate News and Press Releases.
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Language:	English
Company:	ZF Finance GmbH
	Löwentaler Straße 20
	88046 Friedrichshafen
	Germany
E-mail:	investor.relations@zf.com
Internet:	www.zf.com
ISIN:	XS2231715322, XS2231331260, XS2262961076, XS2399851901, XS2338564870
Listed:	Luxembourg Stock Exchange
EQS News ID:	1494061