Growth spurt for Endress+Hauser
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
Endress+Hauser’s business developed very positively across all regions and industries in 2018. The Group, one of the world’s leading providers of process and laboratory instrumentation, automation solutions and services, reports new highs in net sales, income and employment.
According to preliminary figures, Endress+Hauser increased net sales by more than 9% to over €2.4 billion in 2018. Exchange rate effects prevented even better results. “In local currencies, we grew nearly 13%,” 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 digitalisation strategy, as well as in the measurement and analysis of quality-relevant parameters,” said the Group’s CEO.
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.
Read the article online at: https://www.worldpipelines.com/business-news/22022019/growth-spurt-for-endresshauser/
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