1/11/2016 11:42:00 AM
NEWS BRIEFS
Würth Group 2015 Worldwide Sales Up 9% to EUR 11 Billion (US$12.03b)
The Würth Group reported 2015 sales worldwide grew 9% to EUR 11.05 billion (US$12.03b).
The months of September and October 2015 set Würth records with sales topping EUR 1 billion (US$1.09b).
Robert Friedmann, chair of the central managing board of the Künzelsau, Germany-headquartered Würth Group, credited “successful regional expansion of individual business units, the branch office network and the sales force.”
• Exchange rate fluctuations had a positive effect for the Würth Group, adding sales growth by 2.5%, Friedmann noted.
• The number of Würth employees rose from 66,044 to 68,922 worldwide.
Approximately 31,000 employees are sales representatives. During 2015, Würth hired 1,000 additional sales representatives and plans to add another 1,500 in 2016.
• Würth will continue investments in multi-channel distribution – including sales force, branch offices and e-business.
• Southern and Eastern Europe achieved above-average growth; Spain grew 11.6%; North American companies “developed positively as well”; and Germany sales volume grew 4.2%.
• Würth Group made “targeted investments in new acquisitions in promising foreign markets.” That included the acquisition of Des Moines Bolt, a supplier of primarily agriculture and construction fasteners in the U.S., with 2015 sales of US$40 million.
• The Würth Group’s equity capital increased by EUR 300 million (US$326.4m) to EUR 4 billion (US$4.35b), which corresponds to an equity ratio of 44%.
The Würth Group consists of 400+ companies in 80 countries. Würth sells 100,000 products from screws, accessories and anchors, technical chemicals and protective equipment.
Allied companies in the core business or in diversified business areas offer products for DIY stores, material for electrical installations, electronic components such as circuit boards and financial services. The allied companies generate 40% of Würth Group sales. Web: Wuerth.com
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