Press release
Positive business development at ERICH JAEGER in the first quarter of 2023
Erich Jaeger GmbH + Co KG announces that the first quarter of 2023 has shown a positive business development. This fits in well with the general trend within its sister companies: On May 11, 2023, the parent company AdCapital AG reported a positive business development of its subsidiaries in an AdHoc release. AdCapital was able to report positive EBIT for this period, thus reaching EBIT break-even. This pleasing development is due to a reorganization of the holding company, within which the subsidiaries have intensified their sales activities and optimized and stabilized their processes. The outlook for the further business development for the entire year 2023 is also promising: Erich Jaeger GmbH + Co. KG expects a clearly positive EBIT.JAEGER Group significantly increases order volume
The JAEGER Group has played a major role in this development: in the first quarter of 2023, the automotive supplier based in Friedberg/Hesse was able to increase its order volume by 38% compared to the same period of the previous year. The company is thus systematically expanding its position as one of the global market leaders in the fields of connectors and cables for passenger cars and commercial vehicles.
Erich Jaeger GmbH + Co. KG
Strassheimer Str. 10
61169 Friedberg
Germany
Ralf kleine Brörmann
Head of Marketing
+49 6031 794 258
broermann@erich-jaeger.de
www.erich-jaeger.com
About Erich Jaeger
For over 90 years, ERICH JAEGER has been developing and producing high-quality connector systems for various industries, especially for the automotive and commercial vehicle industries. In the course of digitalization, the global market leader for connectors between towing vehicles and trailers is also increasingly developing intelligent components that are a functional part of the networking of all systems in the automobile.
As a global player, ERICH JAEGER is represented worldwide. Around 1000 employees work on innovative solutions for customers. With its headquarters in Germany, production sites in Germany, Mexico, the Czech Republic and China, as well as sales offices in the USA, France, Poland and Italy, ERICH JAEGER is always close to its customers.
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