Endress+Hauser remains on course for growth
Swiss-based measurement and automation technology specialist, Endress+Hauser, remains on course for growth.
In 2019 the Group increased its net sales by almost 8 per cent to over 2.6 billion euros and created 400 new jobs worldwide.
By the end of 2019, the company had more than 14,300 employees.
“We have grown across all fields of activity, industries and regions,” said CEO of the Endress+Hauser Group, Matthias Altendorf.
He noted that strong impetus came from Asia and that Europe, the Americas, Africa and the Middle East also developed positively, but at a much slower pace.
“With good product innovations, we have set a clear benchmark in the industry,” emphasised Mr 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.
*Above image credit: Endress+Hauser