Weidmüller
Almost 1 billion euros in sales achieved
After extremely strong growth in 2021 and 2022, the electrical and connection technology company Weidmüller recorded a decline in sales for the second year in a row. Compared to the previous year, turnover in 2024 fell by around 11% to EUR 980 million.
The decline in sales is attributable to a weak economy. "In view of the challenging market environment, we had to accept losses in turnover. Last year's result fell short of our expectations - the correction following the growth course proved to be more persistent than we had hoped," says Dr. Sebastian Durst, CEO of the Weidmüller Group, headquartered in Detmold.
As in previous years, the global technology company invested in long-term projects and the expansion of its sites in order to create the ideal conditions for future growth. Part of the investment sum of 56 million euros in 2024 went towards the construction of the new electronics plant in Detmold, which will open in the fall of 2025. With the new building, Weidmüller is demonstrating its commitment to the region and at the same time wants to send a strong signal for the future of Germany as an industrial location. The project is one of the largest single investments in Weidmüller's history. The company made further investments in the expansion of the Weidmüller sales, development and production center in Richmond (USA), which was completed in 2024.
The current rise in incoming orders in the electrical industry and the associated positive effect on the economy mean that the company is optimistic about the future: "We are confident that the positive trend will continue despite geopolitical uncertainties. With our products and solutions, we enable electrification, automation and digitalization and thus a livable and sustainable world," emphasizes the Weidmüller CEO.
Weidmüller is celebrating its 175th anniversary this year.
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