Balluff
Still on a growth path
The Balluff Group successfully concluded the 2016 financial year with a 3.3% increase in sales. After the double-digit growth leap in 2015, the management is satisfied with the growth in 2016.
The company has made an "extremely good start" to the current year. As of March 31, the company reported an increase in sales of 22.7%. In the first three months of the current financial year, Group sales rose from EUR 93 million in the previous year to EUR 114.1 million. The Group recorded particularly strong growth in the North American market (36.2%) and in the Asia-Pacific region (42.6%). "We were only able to invoice some projects from 2016 this year," explains Stegmaier-Hermle. "However, the successful start to the year does not allow us to draw conclusions about the year as a whole. The political environment in key markets is too uncertain for that." Regardless of this, she expects significant growth for the year as a whole: "Our goal is clear: we want to exceed the EUR 500 million mark in 2019." As a family-owned company, Balluff has an equity ratio of 76%, which puts it in a solid position and gives it the financial independence to invest in further growth.
In the past five years alone, the company from Neuhausen auf den Fildern has hired more than 1,000 new employees. At the end of 2016, the Group employed 3263 people (previous year: 3079), around 980 of whom worked at the Neuhausen site.
As one of the "pacesetters in the field of Industry 4.0", the company focuses on research and development. Michael Unger, CEO, emphasizes: "Our products and solutions are key components in the digital factory - as data generators, data collectors and information distributors." To ensure that this remains the case, the company invests heavily in research and development (R&D). The R&D ratio is 13.7%.
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