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Growth spurt for Endress+Hauser
Group increases sales, earnings and employment in 2018(PresseBox) ( Weil am Rhein, )
According to preliminary figures, Endress+Hauser increased net sales by more than 9 percent to over 2.4 billion euros in 2018. Exchange rate effects prevented even better results. “In local currencies, we grew nearly 13 percent,” said Chief Financial Officer Dr Luc Schultheiss. The family-owned company created new jobs primarily in production, research and development and services. At the end of 2018, Endress+Hauser had 13,928 employees worldwide, 629 more than the year before.
“The solid development in sales shows that we have held our ground well in the market,” explained CEO Matthias Altendorf. The growth was spurred by innovations from across all fields of activity. “We supported our customers with more than 50 new products, solutions and services. We were able to break new ground through our digitalization strategy, as well as in the measurement and analysis of quality-relevant parameters,” said the Group’s CEO.
Good start to the new year
Endress+Hauser is expecting a somewhat weaker market dynamic for the current year. The Group is anticipating growth in the mid single-digit range, with earnings remaining at a healthy level. “The year has gotten off to a good start so far,” reported Luc Schultheiss. Assuming the business remains well on track, the Group expects to create several hundred new jobs around the world.
Endress+Hauser will present its 2018 audited financial figures on 14 May 2019 in Basel, Switzerland.
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