Beckhoff Automation has generated global sales of 679 million euros ($AUD 989 million) in 2016, an increase of 9.5 per cent over the previous year.
This success, the company said, can be credited to its development of new products, broad market penetration and improved distribution network coverage.
“We are very pleased with these business results. Although the growth rate was moderate compared with last year’s 22 per cent increase, it is very respectable, relative to the much slower growth of the automation industry as a whole,” said managing director Hans Beckhoff.
“If you combine the last two years, we averaged an outstanding 15 per cent.”
Europe was the region with the strongest growth for Beckhoff in 2016, particularly in the central European countries of Germany, Austria, Switzerland and Italy with sales increases well above industry averages. This is a good indicator for renewed European growth, as Asia had been the main growth driver in recent years,” said Beckhoff.
By systematically advancing all product families, Beckhoff is also actively opening new markets and applications.
The company will take another important step at this year’s Hannover Messe by introducing new products designed specifically for process technology applications, such as the ELX series EtherCAT Terminals and CPX series Control Panels for use in hazardous areas that feature a modular design and exceptional robustness, which are designed for meeting the requirements of process industries.
“The processing industry market is generally considered to be larger than the discrete machine automation market, which is the traditional domain of Beckhoff.
Thus, our new products should provide us with excellent opportunities for additional growth,” Beckhoff concluded.