Wago contact technology
European market as growth driver
The Wago Group was able to increase its turnover by 9% in the 2015 financial year. According to Sven Hohorst and Axel Börner from the Wago Management Board, this was due in particular to the European market. Looking ahead to 2016, they are "cautiously optimistic".
Pulling together for Wago Kontakttechnik: the management. From left: Christian Sallach (Marketing), Jürgen Schäfer (Sales), Kathrin Pogrzeba (Human Resources & Organization), Sven Hohorst (Interconnection), Ulrich Bohling (Production) and Axel Börner (Finance & IT).
© Wago contact technologyIn the financial year, the Wago Group achieved sales of EUR 720 million. This represents a 9% increase on the previous year's figure of EUR 661 million. Germany accounted for 28.8% of sales. The rest of Europe achieved a 39.7% share of sales. Asia contributed 17.1 % and America 13.3 %. The rest of the world generated 1.1% of sales. Wago employed over 7,200 people at the end of the year, 500 more than in the previous year. Almost 3,300 people are employed in Germany, more than 2,000 of them at the headquarters in Minden (Westphalia) and over 1,000 in Sondershausen (Thuringia). This includes 203 trainees and dual students in Minden and 72 in Sondershausen.
Investments of around 100 million euros planned
The Communication Center at the Minden headquarters of Wago Kontakttechnik
© Wago contact technologyWago invested around 100 million euros last year. Almost 80% of this was invested in the German sites - primarily in the new customer and training center 'Communication Center' and the stamping shop in Minden as well as in the expansion of the logistics center in Sondershausen. "In addition, we acquired a stake in M&M Software, a previous development partner of our growing automation division," says Sven Hohorst (Interconnection management). Investments of a similar amount are planned for the current year - including for the completion of construction measures in Germany and for international construction projects. "As in the previous year, the focus of our investments is clearly on Germany. Once again, around 30 million euros will be invested in new machines and systems," emphasizes Hohorst.
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