ifm electronic
Aiming for the sales billion
The ifm group of companies closed 2018 with an increase in turnover of 8.7%. This means that the automation and digitalization technology provider was able to achieve significant growth for the ninth year in a row.
"We got off to an extremely good start to 2018. Growth then stabilized at a slightly lower level in the second half of the year. All in all, we are very satisfied with the past financial year," commented Christoph von Rosenberg, CFO of the ifm Group, on the business figures now available. Turnover amounted to EUR 943 million in 2018.
Business developments in the markets of Northwest and Southwest Europe and North America were particularly pleasing. Growth is spread across all product areas to a similar extent. "Despite the negative impact of currency effects, we were able to keep earnings stable compared to the previous year," explains von Rosenberg.
For the current year, ifm electronic expects continued stable sales growth in the high single-digit percentage range. If the plans are met, the ifm Group's total turnover will exceed the EUR 1 billion mark for the first time towards the end of the 2019 financial year.
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