"The last financial year was very pleasing for us. Due to positive market conditions, we were able to increase our turnover from 222 million euros in 2016 to 234 million euros. This means that our consolidated turnover has grown by 38 percent since 2007," explains Bernhard Juchheim, Managing Partner of the Jumo Group. Jumo Germany was able to increase the previous year's turnover by almost six percent to 168 million euros, while the growth of the subsidiaries amounted to eight percent. The order backlog amounted to around 22 million euros at the end of last year.

The company's export ratio remained stable at 54%. This is around two percent more than the industry average in Germany. "We are successfully continuing our successful course as a high-tech provider of sensor and automation technology. We are opening up more and more markets around the globe with innovative products," confirms Michael Juchheim, who manages the company together with his father as Managing Partner.

Investments in buildings and machinery

Thanks to the solid financial situation and good liquidity, investments of 17.5 million euros were made in buildings, machinery, equipment and tools in Germany in 2017. This sum also includes the acquisition of a production hall and an office complex with a conference center in Fulda. "The new property is located in the immediate vicinity of our company headquarters and will provide us with much-needed relief at our existing locations," confirms Michael Juchheim.

Jumo employed 2,283 people worldwide at the end of 2017. A total of 1,378 people were employed at the Fulda site and in the German subsidiaries, including 110 trainees, and 905 employees in the foreign subsidiaries. Jumo's trainee ratio remains above average. Last year, 39 new trainees, BA students and annual interns were taken on.

Safety-related topics and standards are becoming increasingly important in the process industry and in mechanical and plant engineering. However, users are often faced with complex challenges in practice. This year, Jumo is therefore bundling the company's product and solution expertise on these topics in the new brand JSP (Jumo Safety Performance). According to the company, the combination of high-quality products and expert knowledge makes JSP a complete solution for various industries and applications.

Outlook for 2018

Germany's gross domestic product grew strongly by 2.2% in 2017. The outlook for 2018 is also very positive at around 2.5%. The German electrical industry is even anticipating an increase in turnover of four percent. The Group is planning to increase turnover by 6.8% to 250 million euros in 2018. According to Bernhard and Michael Juchheim, business development in the first few months makes this target appear realistic. as