Business figures
Rockwell closes financial year 2017
Blake Moret, President and CEO of Rockwell Automation, has announced the US industrial group's financial results for the fourth quarter and full year 2017.
Rockwell Automation, a provider of industrial automation and information solutions, closed the fourth quarter with sales of 1.66 billion US dollars. This represents an increase of 8.4% compared to the same period last year. Organic growth amounted to 5.6%. Currency translation effects increased sales by 1.5%. Acquisitions contributed 1.3 percentage points to sales growth.
Overall, Rockwell Automation recorded sales of USD 6.31 billion in the 2017 financial year. This is an increase of 7.3 % compared to the result for the 2016 financial year. Organic sales growth amounted to 6.1 % in 2017
Looking ahead to the 2018 financial year, CEO Moret believes the company is in a solid position. He anticipates organic growth of 3.5% to 6.5%.
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