Collage showing industrial buildings in Iserlohn and Attendorn, Germany, with text reading 2024 REVIEW and 2024 RÜCKBLICK.

2024: Turnover maintained at previous year’s level

At the anniversary celebrations at the German locations, the management of KIRCHHOFF Automotive looks back on a year with many challenges. Nevertheless, the South Westphalian automotive supplier believes it is well positioned for the future and continues to focus on growth by investing in modern technologies both locally and worldwide.

Despite a difficult market environment, KIRCHHOFF Automotive successfully maintained its position in 2024 and kept turnover at the previous year’s level. While sales of electric vehicles fell significantly by 15 percent, a balanced customer mix in particular contributed to stability. “Our global orientation and the diversification of our product portfolio help us to better balance out market fluctuations,” explains J. Wolfgang Kirchhoff, Chairman of the Executive Board and CEO. With 27 production plants worldwide and over 8,500 employees, the company expects to generate sales of 1.9 billion euros in 2024.

KIRCHHOFF Automotive works closely with customers and suppliers to make CO2-reduced materials ready for series production. “90 percent of our CO2 footprint is caused by the steel and aluminum materials we use. That is why we are cooperating with leading European steel producers in the development of CO2-free or CO2-reduced steel grades,” explains J. Wolfgang Kirchhoff. By 2030, KIRCHHOFF Automotive aims to reduce direct emissions by 50 percent and use 100 percent renewable energy in all its plants worldwide.

Many new orders for larger and more complex assemblies for the major car manufacturers are again being realized at the German locations in Iserlohn, Attendorn and Saarwellingen. To this end, KIRCHHOFF Automotive has invested almost 14 million euros this year in building renovations and, above all, in modern, high-tech welding systems.

In 2024, we invested in modern technologies and new production facilities worldwide – a total of 154 million euros.

Looking at the companies in the KIRCHHOFF Group, they will be able to increase their turnover to 3.3 billion euros with 14,200 employees despite the difficult economic conditions.

You can read more about the 2024 financial year review and 2025 outlook in the winter edition of K>MOBIL that will be published on December 13.

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