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Mahle Posts €22 Million Profit Despite Revenue Drop, Cautious on 2024 Outlook
German automotive supplier Mahle reported a €22 million net profit in 2023 despite an 11% revenue drop to €11.7 billion, driven by operational improvements and restructuring, including a 4,665 employee reduction; however, the company anticipates a cautious 2024 due to US tariffs and subdued market d...
Mahle Posts €22 Million Profit Despite Revenue Drop, Cautious on 2024 Outlook
German automotive supplier Mahle reported a €22 million net profit in 2023 despite an 11% revenue drop to €11.7 billion, driven by operational improvements and restructuring, including a 4,665 employee reduction; however, the company anticipates a cautious 2024 due to US tariffs and subdued market d...
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