Wago with a robust annual balance sheet

In an economically challenging competitive environment, Wago has proven to be robust in the face of external influences over the past twelve months. Total sales for 2024 amounted to 1.24 billion euros. Compared to the previous year (1.37), the result is therefore at a good, but slightly lower level. "In view of the changing political and economic conditions worldwide, we are satisfied with this result," says CEO/CFO Jürgen Koopsingraven. "At the same time, we take it as an incentive to continue growing successfully in the future." Germany remains the company's largest market. The share of sales here is 26.7% (29.3%). The rest of the European market contributed 43.8% (42.9) and the remaining global markets 29.5% (27.8) to the overall result.

In terms of investment, Wago has invested more funds than ever before: a total of 165.6 million euros. This illustrates the company's consistent determination to shape the future. 83.1 million euros were invested in Germany. A significant proportion of the investment was used to build the new WAVE24 logistics center at the Sondershausen site in Thuringia, which will further increase product availability and delivery performance in line with customer expectations. As part of its international growth, the company also invested around 17.5 million euros in the new headquarters of Wago UK & Ireland in Houlton Rugby. The project is equipped with a state-of-the-art building management system and comprises 5,900 square meters of office and production space.

In addition to investments, the great commitment of the workforce is a decisive success factor for Wago. The family-owned company employs around 9,000 people worldwide. Around 3,400 of them work at the headquarters in Minden, East Westphalia, and a good 1,000 at the production and logistics site in Sondershausen in Thuringia. The number of trainees and dual students at both sites has grown to over 280, underlining Wago's ambitious efforts to promote young talent.

New Chief Sales Officer for global sales

Mehdi Sayar, previously Vice President Sales for the EMEA economic region at Wago, took over the position of Chief Sales Officer (CSO) on April 1. In this role, he manages all sales branches of the Wago Group worldwide. Sayar will drive strategic growth, strengthen customer relationships in global markets and consolidate the company's position as an industry leader.