real estate

WORKSPACE offers splendor in the world o...
September 12, 2022
Azizi signs up Korean group for Riviera ...
September 7, 2022
US housing market index unexpectedly dro...
August 16, 2022

real estateFebruary 18, 2022

Endress+Hauser 2021 consolidated sales surge to $3.8bn


Endress+Hauser, a global leader in measurement and automation technology for process and laboratory applications, has recorded strong growth in 2021 netting a consolidated sales of €2.9 billion ($3.8 billion), up 11 per cent over the previous year.

Announcing the results for the 12-month period, the Swiss industrial group said its incoming orders grew even faster than net sales.

Endress+Hauser began the current year with a significantly increased order volume. Provided there are neither unexpected setbacks at the political level nor major upheavals in the financial markets, the company expects sales growth in the upper single-digit range for 2022.

With strong growth in 2021, Endress+Hauser has left the coronavirus pandemic behind economically, said a top official of the automation giant headquartered in Basel, Switzerland.

'We moved forward with and implemented all of our planned major investment projects,' remarked CFO Dr Luc Schultheiss.

In terms of net sales and profit, the family company not only grew compared to the prior year but also eclipsed the comparative numbers for 2019.

Headcount also experienced sizable growth. At the end of 2021, the group had more than 15,000 employees worldwide, over 600 more than a year ago, he stated.

CEO Matthias Altendorf pointed out that the quick recovery was not anticipated by the company. 'We experienced strong catch-up effects but also solid growth in virtually all of our strategic industries,' he noted.

'Provided there are neither unexpected setbacks at the political level nor major upheavals in the financial markets, we expect sales growth in the upper single-digit range for 2022,' he added.

tradearabia