5/8/2013 4:37:00 PM
HEADLINES
STOCKS: Würth Sales & Income Rise, Workforce Declines
The Würth Group reported record sales of EUR 9.98 billion.
Sales increased in almost all business areas.
In its core business, the trade in assembly and fastening material for the craft and industry sector, sales grew 3.7% to EUR 5.5 billion in 2012.
The industry sector recorded a 12.3% gain.
Overall operating results increased 5.1% to EUR 415 million.
In 2012, the number of employees worldwide declined 1.4% to 65,169. In the company’s home country of Germany its workforce grew 2.5% to 19,605.
“(For 2013) we expect a sales growth in the lower single-digit range and an adequate development of the operating result,” said chairman Robert Friedmann.
“Creative economizing and working on existing processes, but also courage for new ideas – this is what we are focusing on in the current business year, as austerity alone is not enough.” ©2013 GlobalFastenerNews.com
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