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Endress+Hauser still on course for growth

Group increases sales, employment and profit in 2019
Endress+Hauser still on course for growth

EH_2020_altendorf.jpg
“With good product innovations, we have set a clear benchmark in the industry,” emphasized Matthias Altendorf, CEO of the Endress+Hauser Group Picture: Endress+Hauser
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Endress+Hauser remains on course for growth. In 2019 the Group increased its net sales by almost 8 % to over 2.6 billion euros. The Swiss measurement and automation technology specialist created 400 new jobs worldwide. At the end of the year the company had more than 14,300 employees. “We have grown across all fields of activity, industries and regions,” said Matthias Altendorf, CEO of the Endress+Hauser Group. Strong impetus came 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,” emphasised Matthias Altendorf.

In 2019, order entry rose faster than sales. “Endress+Hauser has started 2020 with a significantly higher order backlog than the year before,” reported Chief Financial Officer Dr Luc 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,” said the CFO.

Endress+Hauser expects slower development in 2020. The Group anticipates sales growth in the mid-single-digit percentage range and aims to maintain profitability at a good level. “However, there are still many uncertainties,” stressed Luc Schultheiss. The audited 2019 financial figures will be presented on 12 May 2020 in Basel, Switzerland.

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