7/19/2013 2:26:00 AM
NEWS BRIEF
The Würth Group closed the first half of 2013 with total sales of EUR 4.9 billion, down 3%.
“The unstable economic situation in Southern Europe is adding to this development, putting a drag on Würth’s business for several years now.”
But the second quarter of 2013 is already pointing towards a recovery, stated chairman Robert Friedmann.
“Other leading indicators such as incoming orders in our electronics group or the development of our automotive businesses give us reason to expect stronger sales growth in the Würth Group over the next six months.”
Examples of profitable business operations in the first half of the year include the Wood Group in North America, Würth Group China, the electronics company eiSos as well as a number of South American subsidiaries.
On 1 July 2013, changes to streamline the management structure of the Würth Group came into effect. Shorter reporting lines and consolidated responsibilities increase the Group’s agility and performance. The body was reduced from seven to four members. Robert Friedmann remains Chairman of the Central Managing Board with Peter Zürn as Deputy Chairman, while Joachim Kaltmaier will continue in the role of financial manager. Uwe Hohlfeld was newly appointed to the Central Managing Board to take charge of strategic planning and controlling. Mr. Hohlfeld has been a member of the management of Adolf Würth GmbH & Co. KG since 2003.
The number of employees dropped 1.7% to 64,064 in the first half of 2013. In Germany, the Würth Group has a total of 19,413 employees, while the Würth companies abroad account for 44,651 of the Group’s employees. ©2013 GlobalFastenerNews.com
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