Endress+Hauser
Fiscal year 2015 not satisfactory
Endress+Hauser has announced its business figures for 2015: According to the preliminary figures, the strong Swiss franc left its mark on earnings.
Endress+Hauser 's net sales increased by 6.6% to over 2.1 billion euros. However, the 2015 financial year was marked by exchange rate movements, as Dr. Luc Schultheiss, Chief Financial Officer of the Group, explains. For example, the Swiss franc exchange rate had a negative impact on the budget right at the start of the year and, above all, on profits: The Chief Financial Officer expects the Group's profit after tax to be around 25% lower than in 2014.
The weakness of the euro also had an impact on the consolidated business figures. "In local currencies, the Group's turnover grew by less than 1%," explains Dr. Schultheiss. Both the economic upheaval in China and the low commodity prices (in particular the fall in oil and gas prices) had a negative impact on business. All in all, the CFO is "not satisfied" with the course of business.
For the current year, Dr. Schultheiss considers the economic environment to be "even more difficult". He expects sales growth in the single-digit range with profitability remaining roughly the same. The audited annual report will be presented in Basel on May 3, 2016.
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