Automot ive Suppl iers i n G e r m a n y 2 0 1 8

T O P 1 0 0

Specialists for B2B Market Analysis

www.meyer-industryresearch.com January 2018 2

Company Revenue (in mn. EUR) Profit (in mn. EUR) Products

Name Location 2016 2015 2014 Gro

wth

15

- 16

Gro

wth

14

-15

Div

isio

n

2016 2015 2014 Gro

wth

15

- 16

Gro

wth

14

-15

Rem

ark

Div

isio

n

Inte

rior

Exte

rior

Driv

etra

in

Cha

ssis

Elec

tron

ic

C-P

arts

Robert Bosch GmbH Gerlingen 43.900 41.700 33.300 5,3% 25,2% AD 2.047 3.216 2.402 -36,3% 33,9% EBIT AD X ZF Friedrichshafen AG Friedrichshafen 29.736 23.993 13.267 23,9% 80,8% AD 1.614 1.596 1.098 1,1% 45,4% EBIT GU X X X Continental AG Hannover 24.496 23.575 20.909 3,9% 12,8% AD 1.527 2.014 1.189 -24,2% 69,4% EBIT AD X X X X Schaeffler AG Herzogenaurach 10.333 9.977 8.983 3,6% 11,1% AD 1.383 1.135 1.234 21,9% -8,0% EBIT AD X X Mahle GmbH Stuttgart 9.167 8.655 7.507 5,9% 15,3% AD1 473 511 514 -7,4% -0,6% EBIT GU X X ThyssenKrupp AG Essen 6.807 6.753 6.172 0,8% 9,4% AD 4 335 313 268 7,0% 16,8% EBIT AD

4 X Brose Fahrzeugteile GmbH & Co. Coburg 6.443 6.149 6.053 4,8% 1,6% AD - - - - - - - X Benteler Automobiltechnik GmbH ***** Paderborn 5.880 5.782 5.865 1,7% -1,4% AD 191 136 186 40,4% -26,6% EBIT GU X X X Hella KGaA Hueck & Co. Lippstadt 4.843 4.364 3.924 11,0% 11,2% AD 343 336 291 2,1% 15,5% EBIT AD X Leoni AG Nürnberg 4.431 4.503 4.103 -1,6% 9,7% GU 78 151 183 -48,3% -17,5% EBIT GU X X Eberspächer Gruppe Esslingen 4.324 4.371 2.599 -1,1% 68,2% GU 128 126 58 1,0% 119% EBIT GU X X Magna Deutschland * Sailauf 3.755 - - - - AD - - - - - - - X X X X Fritz Dräxlmaier GmbH & Co. KG Vilsbiburg 3.700 3.744 3.424 -1,2% 9,3% GU - 194 158 - 22,5% EBIT GU X X Mann + Hummel Holding GmbH Ludwigsburg 3.480 3.042 2.795 14,4% 8,8% GU 116 135 150 -14,1% -10,0% EBIT GU X Webasto SE Stockdorf 3.187 2.942 2.469 8,3% 19,2% GU 206 167 136 23,4% 22,6% EBIT GU X X BorgWarner Europe GmbH Ketsch - 2.947 3.049 - -3,3% AD - 124 168 - -26,1% EGT AD X Faurecia Automotive GmbH Stadthagen 2.938 3.716 4.044 -20,9% -8,1% AD 30 29 -7 2,7% - EBIT AD X X Infineon Technologies AG Neubiberg 2.651 2.350 1.965 12,8% 19,6% AD 396 300 259 32,0% 15,8% EBIT AD X AUNDE Achter & Ebels GmbH Mönchengladbach 2.600 2.350 2.218 10,6% 6,0% GU - - - - - - - X X Rheinmetall Automotive AG (KSPG) Neckarsulm 2.351 2.307 2.448 1,9% -5,8% AD 223 216 184 3,2% 17,4% EBIT AD X X Freudenberg SE Weinheim 2.311 2.270 2.103 1,8% 7,9% AD5 1245 584 563 113,3% 3,6% EBIT GU X Georgsmarienhuette Holding GmbH Georgsmarienhütte 2.095 2.297 2.440 -8,8% -5,8% GU 162 171 189 -5,6% -9,1% EDA GU X X Vibracoustic GmbH Darmstadt 2.046 1.942 1.779 5,4% 9,1% AD 216 183 152 18,0% 20,3% EBIT AD X Osram GmbH München 2.006 1.861 1.551 7,8% 20,0% AD 233 249 225 -6,4% 10,8% EBIT AD X Muhr und Bender KG Attendorn 2.000 1.817 1.616 10,1% 12,4% GU - 296 274 - 8,0% EDA GU X X Lear Corporation GmbH Ginsheim - 1.990 1.942 - 2,5% AD - 62 61 - 1,8% EGT AD X X X Getrag B.V. & Co. KG Untergruppenbach 1.809 1.835 1.695 -1,4% 8,2% GU - 442 110 - 302% EBIT GU X HBPO Beteiligungsgesellschaft mbH Lippstadt 1.800 1.694 1.434 6,3% 18,1% AD 57 51 47 11,7% 9,6% EBIT AD X SKF GmbH Schweinfurt 1.671 1.658 1.659 0,8% -0,1% GU 71 58 89 23,1% -35,1% EBIT GU X Röchling SE & Co.KG Mannheim 1.657 1.555 1.364 6,6% 14,0% GU 149 142 107 5,1% 31,9% EBIT GU X X Friedrich Boysen GmbH & Co. KG Altensteig 1.600 1.460 1.280 9,6% 14,1% GU - 28 27 - 6,8% EGT GU X ElringKlinger AG Dettingen/Erms 1.557 1.507 1.326 3,3% 13,7% AD 136 135 154 0,3% -12,2% EBT AD X X Federal-Mogul Holding Deutschland GmbH Wiesbaden - 1.485 1.382 - 7,5% AD - -13 21 - - EGT AD X Takata Europe GmbH Aschaffenburg 1.479 1.364 1.255 8,4% 8,7% GU 21 40 22 -47,9% 82,1% EGT GU X X Harman Becker Automotive Systems GmbH Karlsbad 1.462 1.443 1.384 1,4% 4,2% AD 5 79 10 -94,3% 669% EBIT AD X Kirchhoff Automotive GmbH Iserlohn 1.450 1.350 1.205 7,4% 12,0% GU - 52 10 - 432% EGT GU X Adler Pelzer Group Witten 1.300 1.150 986 13,0% 16,6% GU - 40 22 - 80,5% EBT GU X X X Valeo Deutschland *** Bietigheim-Bissingen - 1.297 1.215 - 6,8% AD - 18 2 - 889% EGT AD X X Nemak ** Dillingen/ Saar 1.285 1.130 - 13,8% - GU 57 42 - 34,0% - EBIT GU X X Grammer AG Amberg 1.271 1.008 912 26,1% 10,6% AD 43 24 29 78,6% -17,6% EBIT AD X Sitech Sitztechnik GmbH Wolfsburg 1.190 1.103 1.055 7,9% 4,5% AD 31 13 9 136,4% 51,8% EGT AD X Huf Hülsbeck & Fürst GmbH & Co. KG Velbert 1.146 1.143 - 0,3% - AD 51 58 - -11,6% - EBIT AD X Marquardt GmbH Rietheim-Weilheim 1.100 1.000 840 10,0% 19,0% GU - - - - - - - X X Delphi Deutschland GmbH Wuppertal 1.095 741 644 47,7% 15,1% AD -9 41 5 - 770% EGT AD X Adient Germany Ltd. & Co. KG **** Burscheid 1.081 - - - - AD -5 - - - - EGT AD X Preh GmbH Bad Neustadt/ Saale 1.023 634 512 61,5% 23,9% AD 91 70 55 30,2% 27,7% EBIT GU X Hirschvogel Holding GmbH Denklingen 1.011 930 872 8,7% 6,6% AD - 85 77 - 11,1% EBIT AD X X Tenneco GmbH Edenkoben 988 992 868 -0,4% 14,3% GU 33 26 24 27,6% 6,6% EGT GU X TE Connectivity Germany GmbH Bensheim 971 947 950 2,5% -0,3% GU 231 149 156 54,5% -4,2% EGT GU X Rehau AG + Co Rehau 962 863 776 11,4% 11,2% AD 87 44 41 97,7% 7,3% EBT GU X Leopold Kostal GmbH & Co. KG Lüdenscheid 943 943 847 0,0% 11,3% AD - 36 -1 - - EGT AD X Rosenberger Hochfrequenztechnik GmbH & Co. KG Fridolfing 940 780 655 20,5% 19,0% GU - 94 91 - 3,6% EBIT GU X GKN Driveline ****** Offenbach 935 857 819 9,1% 4,7% GU 62 24 27 156,8% -12,0% EBIT GU X Autoliv B.V. & Co. KG Elmshorn 917 594 575 54,3% 3,3% AD - 7 25 - -72,7% EGT GU X X SMP Deutschland GmbH Bötzingen 893 845 - 5,8% - AD 48 50 - -4,2% - EBIT GU X X Kiekert AG Heiligenhaus 870 834 709 4,4% 17,6% AD - 54 42 - 28,5% EBIT AD X Diehl Metall Stiftung & Co. KG Röthenbach a.d. P. 829 850 852 -2,5% -0,2% GU - - - - - - - X X IHI Charging Systems International GmbH ******* Heidelberg 820 793 804 3,5% -1,4% AD - 5 -11 - - EGT AD X BOS GmbH & Co. KG Ostfildern 765 720 637 6,3% 13,0% AD - - - - - - - X X CSR New Material Technologies GmbH Damme 763 740 - 3,2% - AD 10 4 - 175,7% - EBIT AD X X X Borgers SE & Co.KGaA Bocholt 760 666 604 14,0% 10,3% AD 49 48 41 2,3% 16,9% EDA AD X X Dura Holding Germany GmbH Plettenberg - 714 665 - 7,5% AD - -2 -9 - - EGT AD X X X X KAMAX GmbH & Co. KG Homberg (Ohm) 693 715 646 -3,0% 10,7% GU 59 57 43 4,4% 30,8% EBT GU X Hugo Kern Und Liebers GmbH & Co.KG Schramberg 661 627 574 5,5% 9,2% GU 53 45 45 18,4% -2,0% EGT GU X Poppe-Veritas Holding GmbH & Co. KG Gelnhausen 654 684 667 -4,4% 2,6% AD 11 26 1 -56,7% - EGT AD X TMD Friction GmbH Leverkusen 610 607 569 0,5% 6,6% GU 10 11 0 -4,8% - EGT GU X Scherdel GmbH Marktredwitz 609 561 539 8,6% 4,0% GU - 41 45 - -9,8% EBIT GU X Witte Automotive GmbH Velbert 595 568 527 4,7% 7,9% AD - 26 24 - 11,4% EGT AD X X Hoerbiger Deutschland Holding GmbH Schongau 586 541 529 8,4% 2,2% GU 49 44 42 10,4% 4,3% EBIT GU X X IFA Rotorion-Holding GmbH Haldensleben 566 506 433 11,9% 16,8% AD 37 28 27 31,1% 5,3% EBIT AD X Sumitomo Electric Bordnetze SE Wolfsburg 557 538 516 3,5% 4,3% GU -46 12 10 - 19,4% EGT GU X Erbslöh AG (WKW.automotive) Velbert - 533 453 - 17,5% GU - 32 55 - -42,4% EGT GU X X FTE automotive GmbH Ebern 551 505 433 9,2% 16,6% AD 54 37 32 44,6% 18,1% EBIT AD X X X WOCO GmbH & Co. KG Bad Soden-Salmünster 549 506 426 8,6% 18,8% AD 38 39 36 -2,8% 8,9% EBIT GU X TI Automotive Holdings GmbH Heidelberg - 520 507 - 2,6% AD - 16 -2 - - EGT AD X Albert Handtmann Metallgusswerk GmbH & Co. KG Biberach - 516 412 - 25,3% AD - 46 48 - -4,0% EGT GU X X Küster Holding GmbH Ehringshausen 510 457 434 11,7% 5,3% GU - 40 33 - 22,9% EBIT GU X X X F.S. Fehrer Automotive GmbH Kitzingen - 503 504 - -0,2% AD - 20 14 - 41,1% EGT AD X Modine Holding GmbH (Modine Europe GmbH) Filderstadt 503 486 463 3,5% 5,1% GU 8 26 -9 -68,7% - EBIT GU X Dr. Schneider Gruppe Kronach-Neuses 496 508 420 -2,5% 20,9% AD 35 40 33 -12,1% 18,9% EGT AD X Novem Beteiligungs GmbH Vorbach 490 405 364 21,2% 11,2% AD 52 38 6 38,8% 5067% EGT AD X Linde + Wiemann Gruppe Dillenburg 483 515 449 -6,2% 14,8% AD - 12 1 - 750% EGT AD X Eissmann Automotive Deutschland GmbH Bad Urach 463 392 315 18,2% 24,5% AD - 16 15 - 5,2% EGT AD X Otto Fuchs KG Meinerzhagen 462 441 379 4,7% 16,2% AD 250 205 - 21,9% - EBIT GU X X Wuerth Industrie Service GmbH & Co. KG Bad Mergentheim 455 417 - 9,2% - GU - - - - - - - X Prevent DEV GmbH Wolfsburg 445 469 578 -5,2% -18,8% GU 2 5 2 -69,4% 123% EBIT GU X IMS Gear SE & Co. KGaA Donaueschingen 425 393 339 8,1% 16,2% AD 48 46 37 3,9% 24,1% EBIT GU X X X KSM Castings Group GmbH Hildesheim 419 422 404 -0,6% 4,5% AD 23 23 23 -2,1% 3,6% EBIT GU X X X SAS Autosystemtechnik GmbH & Co. KG Karlsruhe - 416 320 - 30,2% AD - 37 33 - 12,8% EBIT AD X Nexans autoelectric GmbH Floß 415 410 395 1,2% 3,8% AD - - - - - - - X Behr-Hella Thermocontrol GmbH Lippstadt 415 389 363 6,7% 7,3% AD - 24 30 - -19,0% EGT AD X Progress-Werk Oberkirch AG Oberkirch 410 405 381 1,2% 6,2% GU 22 17 15 26,3% 14,8% EBIT GU X SHW AG Aalen 406 464 430 -12,4% 7,8% AD 19 20 17 -6,0% 21,1% EBIT AD X X Prettl Group Pfullingen 400 400 - 0,0% - AD - - - - - - - X X X International Automotive Components Group GmbH (IAC) Düsseldorf 398 303 256 31,2% 18,6% AD -3 -23 -9 - - EGT GU X Yanfeng Germany Automotive Interior Systems Ltd & Co. Neuss 375 352 - 6,5% - AD - 5 - - - EGT AD X X Uniwheels AG Bad Dürkheim 372 351 284 5,9% 23,6% AD 52 44 32 18,7% 38,5% EBIT GU X TD Deutsche Klimakompressor GmbH Bernsdorf 369 - 315 - - AD - - - - - - - X Witzenmann GmbH Pforzheim - 364 300 - 21,6% AD - 46 36 - 25,8% EGT GU X Konrad Hornschuch Aktiengesellschaft Weißbach 358 336 305 6,6% 10,1% AD6 31 17 11 80,8% 53,6% EGT GU X

Top 100 Automotive Suppliers in Germany Specialists for B2B Market Analysis

www.meyer-industryresearch.com January 2018 3

Double digit growth of Germany’s Top 100 Automotive suppliers’ profitability

Profits of Germany’s TOP 100 Automotive suppliers increased by 14,6% in 2016 and 13,7% in 2015, growing faster than revenues in total. (Bosch and Continental are not considered in this profit analysis due to special profit effects in the period)

Strong revenue growth of Top 100 Automotive suppliers in Germany

The revenues of Germany’s TOP 100 Automotive suppliers grew by 6,9% (2016)/ 18,1% (2015). Especially the leading 10 companies reached above average growth rates (7,8% in 2016 and 23,0% in 2015). In total, Germany’s TOP 100 Automotive suppliers increased the overall revenue from 181 billion Euro (2014) to 229 billion Euro (2016).

Analysis of companies with profit data available from 2014 - 2016

Analysis of companies with revenue data available from 2014 - 2016

6.892

7.834

8.979

0

2.000

4.000

6.000

8.000

10.000

2014 2015 2016

13,7%

14,6% mn. €

n = 52

Profits of Germany’s TOP 100 Automotive suppliers increased by 14,6% in 2016 and 13,7% in 2015.

181

214 229

0

50

100

150

200

250

2014 2015 2016

bn. €

n = 79

6,9%

Revenues of Germany’s TOP 100 Automotive suppliers increased by 6,9% in 2016 and 18,1% in 2015.

EBIT margins of Germany’s TOP 100 Automotive suppliers reach nearly 6%

EBIT margins of Germany’s TOP 100 Automotive suppliers grew from 5,5% in 2014 to 5,9% in 2015. In 2016, EBIT margins remained nearly stable at around 5,8%. The TOP 10 companies in the German industry reached EBIT margins at the level of the overall TOP 100 peers.

5,5% 5,9% 5,8%

0%

2%

4%

6%

8%

2014 2015 2016

n = 60 n = 89 n = 83

Average EBIT margins of Top 100 Automotive suppliers grew from 5,5% in 2014 to 5,8% in 2016.

Specialists for B2B Market Analysis

Analysis of companies with EBIT data available from 2014 - 2016

www.meyer-industryresearch.com January 2018 4

31

23

22

10

14

Anzahl Headquarter je

Bundesland

Baden-Württemberg

Bayern

NRW

Hessen

Andere

76 out of 100 headquarter locations are located in Baden-Wuerttemberg, Bavaria and North Rhine-Westphalia.

Headquarters in Baden-Wuerttemberg, Bavaria and North Rhine-Westphalia

The headquarter locations of Germany’s TOP 100 Automotive suppliers are mainly in the southern and western part of the country. Baden-Wuerttemberg (31 headquarters), Bavaria (23 headquarters) and North-Rhine Westphalia (22 headquarters) clearly dominate the overall picture

38

35

29

21

20

16

Produkte

Antrieb

Elektronik

Interior

Exterior

C-Teile

Fahrwerk

Product portfolio: Drivetrain and Electronics have highest share

The majority of Germany’s TOP 100 Automotive suppliers produces drivetrain components (38), electronic parts (35) or interior products (29).

Electronics and drivetrain components are also the major product segments served by the TOP 10 Automotive suppliers.

57 of Germany’s TOP 100 Automotive suppliers are focused on one product group. Further 30 companies serve two product groups. Only a small share serves three or more product groups.

Drivetrain components, electronics and interior are the major product segments served.

Number of companies with product segments served, Multiple entries possible

TOP 100 Automotive suppliers show a high product focus

Anzahl der bedienten Segmente

57

30

10

3

1

2

3

4

Häufigkeit

Specialists for B2B Market Analysis

Drivetrain

Electronic

Interior

Exterior

C-Parts

Chassis

Products

Number of served product

segments

Number of companies

Number of headquarter

locations

www.meyer-industryresearch.com January 2018 5

Headquarter automotive suppliers

TOP 100 Automotive suppliers in Germany by headquarter locations

This map has been made or improved in the German Kartenwerkstatt (Map Lab) by the authors Lencer and NordNordWest (Source: https://commons.wikimedia.org/wiki/File:Deutschland_%C3%9Cbersichtskarte.png); Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, published by Free Software Foundation

Specialists for B2B Market Analysis

www.meyer-industryresearch.com January 2018 6

SPECIALIST FOR B2B MARKET RESEARCH GERMANY

B2B Market Research Germany: MEYER INDUSTRY RESEARCH, located in Munich, is focused on individual B2B market research and analysis in Germany.

Since founding the company in 2007, managing owner Matthias Meyer and his team have successfully conducted more than 300 B2B market research projects in Germany.

Our customers are medium sized and large manufacturers, suppliers and service companies in our focus industries. Additionally we support M&A advisories, family offices and investment companies in analysing market opportunities in the German B2B and industrial market..

_____ B2B MARKET RESEARCH FOR AUTOMOTIVE INDUSTRY

The automotive industry and its innovative supplier landscape is an important part of Germany’s economy. Market trends like electric cars, networked vehicles and mobility services are changing the industry dramatically.

We conduct tailored market and competitive analysis for OEMs, suppliers and service companies in the German automotive industry.

Typical project backgrounds include market entry, competitive analysis as well as M&A and partnering strategies for the German market.

_____ .

MEYER INDUSTRY RESEARCH www.meyer-industryresearch.com

Contact person: Dipl. Kfm. Matthias

Meyer

Kaflerstraße 4 D-81241 Germany

Tel: +49 (0)89 820 8177 69

E-Mail: info@meyer-industryresearch.de A B O U T

Specialists for B2B Market Analysis

PLEASE GET IN TOUCH WITH US

Please get in touch with MEYER INDUSTRY RESEARCH to discuss your individual B2B market research Germany project. We will provide you with short-term feedback on your request based on our extensive experience in the field of industrial market research in Germany.

_____

OUR OFFICE LOCATED IN MUNICH, GERMANY