According to the company, the increase in turnover of EUR 295 million to EUR 1.4 billion is by far the strongest increase in Lapp's history. The average copper exchange rate, which rose significantly compared to the previous year (+38.5%), played a major role. The currency trend had only a minor impact with a decrease of 1.4% compared to the previous year. Adjusted for these copper and currency effects, this results in real sales growth of around 16.3%. "This significant increase is mainly due to the clear market recovery in the industrial environment in combination with market share gains and was supported by general catch-up effects along the supply chains," emphasizes Jan Ciliax, CFO of Lapp Holding.

Sales revenues developed successfully in all regions of the Lapp Group: In the EMEA region (Europe, Middle East and Africa), sales grew by 25% year-on-year to EUR 1 billion. The geographical share of sales remained at the same high level of around 73%. In the APAC region (Asia Pacific including India), sales increased even more significantly and were around 37% up on the previous year at EUR 242 million at the end of the year. Lapp's regional presence with production and development capacities in India, China, Korea and Indonesia had a positive impact here. The Americas region (North, Central and South America) also saw exceptionally strong growth of 16% to € 137 million, after sales in the region remained stable in the previous year despite coronavirus.

Outlook for the current financial year

As at the reporting date of September 30, 2021, the order books were 130% higher than the previous year's figure. Despite the continued noticeable effects of the pandemic, supply bottlenecks and high raw material costs, Lapp is also very positive about the 2021/22 financial year and expects a further moderate increase in sales in all regions. The company plans to invest hundreds of millions of euros in the coming years to support this growth digitally, customer-specifically and regionally.