Swiss-based measurement and automation technology specialist Endress+Hauser Group underwent significant growth in 2019, increasing its increased its net sales by almost eight percent and creating 400 new jobs worldwide.
Matthias Altendorf, CEO of the Endress+Hauser Group, said the company has grown across all fields of activity, industries and regions, with strong impetus from Asia. Europe, the Americas, Africa and the Middle East developed positively, but at a much slower pace.
“With good product innovations, we have set a clear benchmark in the industry,” said Altendorf.
Endress+Hauser’s chief financial officer Dr Luc Schultheiss order entry rose faster than sales in 2019.
“Endress+Hauser has started 2020 with a significantly higher order backlog than the year before,” said Schultheiss.
“The Group was able to maintain the return on sales at the previous year’s level. We are satisfied with our profit before taxes.”
Endress+Hauser remains on course for growth, though the Group expects slower development in 2020. Sales growth is anticipated to be in the mid-single-digit percentage range, with profitability expected to remain at a good level.
“However, there are still many uncertainties,” said Schultheiss.
Endress+Hauser will present its audited 2019 financial figures on 12 May 2020 in Basel, Switzerland.