Financial year 2017 / 2018
Lenze achieves sales record
The Lenze Group successfully continued its growth trajectory in the 2017 / 2018 financial year and once again exceeded its core financial targets. Group revenue increased by 9.2 % to a new record level in the reporting year.
At EUR 741 million, Lenze 's revenue in the past financial year (May 1, 2017 - April 30, 2018) was well above expectations. Organic revenue growth, or revenue growth adjusted for currency effects, even amounted to 11.2%. Lenze also set a new record for earnings before interest and taxes (EBIT), which increased by 12.3% to EUR 65.7 million. The EBIT margin rose to 8.9 %. The net profit for the year grew by 21%. The automation specialist Lenze attributes this in particular to the favorable development of the tax rate.
The strategic 'Mechatronics' and 'Automation Systems' divisions benefited from the company's growth momentum. Turnover in the future-oriented 'Digital' division also developed positively in the 2017 / 2018 financial year. Together with its two subsidiaries - the Bremen-based CPQ specialist Encoway and the Sindelfingen-based software company Logicline - Lenze says it can offer digital services and solutions along the entire value chain from a single source. This primarily includes future topics relating to Industry 4.0 and the Internet of Things, such as remote and predictive maintenance, big data management and analytics, virtual reality and working with a digital twin.
Lenze achieved the largest absolute increase in sales in Europe. Asia recorded the largest percentage increase of 18.6% and sales in America remained at a high level.
An optimistic view of the future
The Executive Board believes that Lenze is strategically and financially well positioned for the future. For the 2018 / 2019 financial year, CEO Christian Wendler anticipates moderate growth in revenue and earnings. "We are pursuing our growth strategy and investing disproportionately in our sales channels, in research and development and in our range of digital services." Lenze confirms its intention to increase its turnover to € 850 million by 2020 / 2021.
You might also be interested in
Digital solutions / Industry 4.0
Lenze Group opens innovation lab
The automation specialist Lenze is bundling its activities in the field of digital solutions and technology innovations in Bremen: It has opened the digital innovation lab 'Dock One' on the premises of its subsidiary Encoway.
read more...Lenze puts together new axle package
As production processes become more flexible, the number of servo axes and the need for easy-to-handle servo axes in the machine increases. In response to this, Lenze has now put together a scalable axis package.
read more...Jochen Heier appointed Chief Operating Officer
Automation technology manufacturer Lenze is expanding its Executive Board from three to four members. From January 1, 2018, Jochen Heier (54) will head the newly created Executive Board department Operations as Chief Operating Officer (COO).
read more...ODVA, OPC Foundation, PI and VDMA
Specification for interoperable energy management published
Precise energy consumption data is needed to achieve climate-neutral production. A consortium has now published a specification for interoperable and efficient energy management in industrial automation and process automation.
read more...Manage and secure assets
In today's fast-paced industrial environment, it is essential that production processes run smoothly and efficiently. However, one critical aspect that is often overlooked is the importance of PLC backup and restore procedures.
read more...OPC UA from the cloud to the sensor
OPC UA is also establishing itself as a standard for the exchange of process data between controllers. The next step is now to extend the concepts developed for the controller-to-controller use case for the controller-to-device and device-to-device...
read more...Update brings support for TIA V19
Delta Logic has updated the 'Accon OPC UA Server' software to version 1.4.0.0. The new features include support for TIA Portal projects of version V19 and for the latest firmware for CPUs of the Siemens S7-1200 and S7-1500 controllers.
read more...Automation meets innovation
SPS - Smart Production Solutions will take place in Nuremberg from November 12 to 14. Once again this year, organizers and exhibitors will pick up on the trends in the automation industry and present suitable solutions. The introduction of IT into...
read more...The e-paper of issue 9/2024
The hype surrounding AI is inspiring, but the reality requires a sober approach to the technology. Computer&Automation 9/24 looks at topics relating to AI & security, the EU AI Act, secure IIoT projects and OPC UA FX "From the cloud to the...
read more...