Endress+Hauser
Sales stagnate
Endress+Hauser announced its business figures for 2016 at the beginning of May. With a decline in net sales of 0.2% compared to the previous year, the company fell short of its own expectations.
Matthias Altendorf: "In contrast to factory automation, 2016 was another difficult year for our entire industry."
© Endress+Hauser
The Endress+Hauser Group's net sales fell by 0.2% to 2.139 billion euros in 2016. "Foreign currencies created a headwind for us last year," said CEO Matthias Altendorf at the annual media conference in Basel. Exchange rate effects depressed sales by 50 million euros. "In local currencies, our sales increased by 2.1 %."
While Endress+Hauser held up well in Europe with +0.8%, sales in America fell by -4.6%. Sales in the Asia-Pacific region stagnated; Africa and the Middle East, on the other hand, were clearly up by 7.8%.
Solid profitability
The operating result (EBIT) fell by 14.2% to 215.5 million euros, while earnings after tax fell by 6.8% to 153.5 million euros. The return on sales fell by 0.7 points to 10.2%. "This does not meet our expectations, but it is still a good figure for our industry," emphasized Chief Financial Officer Dr. Luc Schultheiss. The equity ratio fell slightly by 0.8 points to 72.2% due to unfavorable interest and currency effects.
Industry 4.0 activities
Endress+Hauser is meeting the challenges posed by digitalization by bundling its activities at E+H Process Solutions. A new subsidiary in Freiburg im Breisgau, Germany, works exclusively on products, solutions and services for Industry 4.0. Another new Group company, Visaya, is based in Berlin and is exploring new sales channels to customers in a digitalized world.
Good start to the current year
For the current year, Endress+Hauser is aiming for a mid-single-digit increase in net sales, and the company also wants to improve profitability. 161 million euros are to be invested in new buildings and facilities, and up to 150 new jobs are to be created worldwide. "We are currently above budget in terms of incoming orders," reports Matthias Altendorf.
You might also be interested in
Endress+Hauser grows again
Despite headwinds from the currency side, the Endress+Hauser Group was able to grow again in the 2017 financial year - both in terms of sales and earnings.
read more...Winner of the Hermes Award 2018 chosen
This year, Endress+Hauser Messtechnik - a specialist in process measurement technology - won the Hermes Award 2018. The industry prize, endowed with 100,000 euros, was presented by Anja Karliczek, Federal Minister of Education and Research, during...
read more...Flow measurement - fit for future
The 'Proline' family from Endress+Hauser is a well-known name in the flow measurement device market. Now a new device line is being launched on the market - "to be fit for the future," explains Kai Weltin, Head of Flow Measurement Technology.
read more...Endress+Hauser takes over Blue Ocean Nova
Endress+Hauser is further expanding its portfolio of products, solutions and services for process analysis - most recently with the acquisition of Blue Ocean Nova on October 31, 2017.
read more...Moisture measurement technology
Endress+Hauser buys Imko
On October 1, 2017, the Endress+Hauser Group acquired Imko Micromodultechnik, a manufacturer of moisture measurement systems based in Ettlingen, Baden-Württemberg.
read more...Goodbye integration problems!
The 'Open Integration' partner program is intended to help reduce risks during the commissioning of systems and simplify the integration of components into automation systems. Peter Rippen, Director Strategic Alliances at Endress+Hauser, explains...
read more...Radar measuring devices - use up to SIL2/3
Endress+Hauser is once again launching an 80 GHz radar measuring device for continuous level measurement - for the first time with an 80 GHz operating frequency for the process industry. Markus Schmid explains the background.
read more...The top 10 articles in August 2024
The top 10 articles from Computer&Automation in August 2024. Readers were most interested in these reports.
read more...Sick and Endress+Hauser establish joint venture
Sick and Endress+Hauser have signed an agreement to jointly drive forward the decarbonization of the process industry. The companies are establishing a joint venture for this purpose.
read more...