Acquisitions drive ‘significant rise’ in Freudenberg 2016 results

Weinheim, Germany – New acquisitions helped Freudenberg Group to grow sales by 13.5%, to €8,590.1 million, in 2016, while profits more than doubled to €1,095.1 million, the German group stated 5 April.

Profit improvements for the full year ended 31 Dec 2016 were mainly due to higher sales, efficiency improvements and “in particular special effects as a result of the acquisitions of Vibracoustic and Japan Vilene Company.”

Overall, Freudenberg invested €1,629 million last year, including €1,222 million in equity acquisitions of joint ventures and €407 million in…

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