E+H reports record figures for turnover, profit and employment

Growth spurt

Katja Preydel, 22.02.2019, 09:30

E+H reports record figures for turnover, profit and employment

Business at measurement technology specialist Endress+Hauser developed positively across all regions and sectors in 2018. The Group reports new highs in sales, profit and employment.

The headquarters of the Endress+Hauser Group in Reinach, Switzerland. © Endress+Hauser

According to the preliminary business figures, turnover increased by more than 9% to over 2.4 billion euros in 2018. Exchange rate effects prevented even better results.

"In local currencies, we grew by almost 13%," says Chief Financial Officer Dr. Luc Schultheiss. The family-owned company created new jobs primarily in production, research and development and service. At the end of the year, the company had 13,928 employees worldwide, 629 more than in 2017.

"The positive sales trend shows that we have performed well in the market," explained CEO Matthias Altendorf. Growth was spurred on by innovations in all areas of work: "We supported our customers with more than 50 new products, solutions and services. In doing so, we were able to set accents both along our digitalization strategy and in the measurement and analysis of quality parameters," said the Group's CEO.

For 2019, Endress+Hauser anticipates somewhat weaker market momentum. The Group anticipates sales growth in the mid-single-digit percentage range and aims to maintain profitability at a good level. "We have made a good start to the new year so far," reports Luc Schultheiss. If business develops positively, several hundred new jobs will be created worldwide.
be created worldwide. The audited business figures for 2018 will be presented in Basel on May 14, 2019.

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