Endress+Hauser on Course for Growth
The digitalization of industrial production inspired many customers of measurement and automation technology specialist Endress+Hauser in 2019. (Image source: Endress+Hauser Group)
Endress+Hauser remains on course for growth. In 2019 the Group increased its net sales by almost 8 percent to over 2.6 billion euros. The Swiss measurement and automation technology specialist created 400 new jobs worldwide. At the end of the year the company had more than 14,300 employees.
“We have grown across all fields of activity, industries and regions,” said Matthias Altendorf, CEO of the Endress+Hauser Group. Strong impetus came from Asia. Europe, the Americas, Africa and the Middle East developed positively, but at a much slower pace. “With good product innovations, we have set a clear benchmark in the industry,” emphasized Matthias Altendorf.
In 2019, order entry rose faster than sales. “Endress+Hauser has started 2020 with a significantly higher order backlog than the year before,” reported Chief Financial Officer Dr Luc Schultheiss. “The Group was able to maintain the return on sales at the previous year’s level. We are satisfied with our profit before taxes,” said the CFO.
Lower growth expectations for 2020
Endress+Hauser expects slower development in 2020. The Group anticipates sales growth in the mid-single-digit percentage range and aims to maintain profitability at a good level. “However, there are still many uncertainties,” stressed Luc Schultheiss.
Endress+Hauser will present its audited 2019 financial figures on 12 May 2020 in Basel, Switzerland.
Source: Endress+Hauser AG
