Weidmüller
Growth in all regions
In the 2018 financial year, the Weidmüller Group, headquartered in Detmold, Germany, achieved sales of EUR 823 million, as the electrical engineering company announced at its annual press conference during the Hannover Messe trade fair.
"We were able to achieve significant double-digit sales growth in an eventful year," explains Weidmüller CEO Jörg Timmermann. "In addition to the global growth markets, the main drivers of our business success were our innovations for automation and digitalization, our terminal block portfolio including the A-series with push-in connection technology launched in 2016, and our business in North America." Compared to the previous year, the company grew by 11% in 2018 (2017 sales: EUR 740 million). Looking ahead to the current year, Weidmüller is optimistic that it will achieve further growth.
The increase in sales is spread across all regions of the Weidmüller Group worldwide. In Europe, it recorded growth of 7%, while the company achieved growth of 9% in the Asian market. The largest growth of almost 50 % was achieved in America.
All of the company's divisions contributed to the increase in sales. While the Cabinet Products division, which specializes in control cabinet solutions, recorded growth of 10 %, sales in the Automation Products and Solutions division rose by 24 % - after 25 % in 2017.
In 2018, Weidmüller also increased its investment in research and development from EUR 45 million to EUR 49 million. The company currently employs almost 4,900 people, 2,135 of whom work in Germany.
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