Weidmüller
Double-digit sales growth expected for 2018
Weidmüller expects total sales of over 820 million euros for 2018. "Looking back, our investments in building up expertise in automation and digitalization, in the buyback of our sales companies in North America and in other important growth regions have paid off," explains Weidmüller CEO Jörg Timmermann.
With the expansion of the "u-mation" automation system, the acquisition of a majority stake in the visualizer GTI and the cooperation with the Austrian specialist Keba, Weidmüller has continued on its chosen path. "We want to continuously expand our market position in the areas of automation and IoT and are developing our portfolio accordingly," says Volker Bibelhausen, Weidmüller's new Chief Technology Officer since September 1, 2018. As in previous years, Weidmüller will present its final annual financial statements at the Hannover Messe in April.
The company now offers a wide range of communication-capable components for the provision and processing of process data. "We have noticed that many customers no longer associate Weidmüller solely with passive components, but also with digitalization topics such as industrial analytics. Customers also value our solution expertise in control cabinet construction," says Weidmüller's Chief Sales Officer José Carlos Álvarez Tobar. This is also reflected in sales. With growth of more than 25 percent, the Automation Products and Solutions division is making an ever greater contribution.
Cautious outlook for 2019
Despite numerous uncertainty factors, the Executive Board of the Weidmüller Group is confident overall for 2019, but expects a significant decline in growth momentum. The German Electrical and Electronic Manufacturers' Association (ZVEI) expects growth of 4 percent in 2019, while the German Engineering Federation (VDMA) anticipates growth of 2 percent. "There are many uncertainties that make us cautious about the future. In addition to currency effects, these are primarily rising material costs and uncertainties due to increasingly protectionist trade and economic policies, the impact of the Brexit negotiations and political developments worldwide," says Timmermann.
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