4153 Reinach BL, ch
+41 (61) 715-7722
Endress+Hauser holds its own in the crisis
Sales fall slightly in 2020; profit and employment remain stable
While sales development last year fell well short of targets, the Group maintained profits at a strong level. “Endress+Hauser’s financial solidity has not suffered during the crisis,” emphasized Chief Financial Officer Dr Luc Schultheiss. The company was able to avoid short-time work and even slightly increased employment. At the end of 2020, Endress+Hauser had more than 14,400 employees worldwide, over 100 more than a year ago.
Endress+Hauser has always remained able to deliver despite the pandemic. “We have bridged the physical distance to our customers with digital and emotional proximity,” said Chief Executive Officer Matthias Altendorf. He sees the company as well equipped, even if the next few months continue to be dominated by the coronavirus crisis: “Our innovative strength is unbroken. Endress+Hauser will launch more product innovations in 2021 than ever before.”
Economic recovery not before the end of the year
The impact of the pandemic continues to affect individual market regions, customer industries and fields of activity very differently. Nevertheless, Endress+Hauser has made a good start to the current year. The Group expects growth in the single-digit percentage range in 2021 but sees profits under increased pressure. The company does not expect a fundamental recovery in the global economy until the end of the year.
Endress+Hauser will present its audited 2020 financial figures on 4 May 2021 in Basel, Switzerland.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to firstname.lastname@example.org.