7/21/2014 2:24:00 AM
NEWS BRIEFS
Würth Group Sales Top EUR 5 Billion
•Sales increased by 2.8 percent to EUR 5,020 million
•Operating result improves considerably over last year
•Number of employees goes up to 64,891 worldwide
Würth Group reported sales in the first half of 2014 rose 2.8% to EUR 5.02 billion.
“Except for Italy, all problematic countries succeeded in generating growth again,” the company stated.
There are clear signs that Spain, for instance, has bottomed out as they succeeded in generating a sales plus of almost 9%.
“We want to close the year 2014 with a new sales record,” added central managing board chairman Robert Friedmann. “Although the focus of our business activities is on Europe, the strong euro has a negative impact on the development of sales. However, we do not expect further negative influences in the second half of the year.”
Operating income rose 14.6% to EUR 235 million in the first half of 2014, while the number of employees increased 2.1% to a total of 64,891. In Germany, the Würth Group has a total of 19,744 employees, while the Würth companies abroad account for 45,147 of the group’s employees.
“In the second half of 2014, we expect the trends of the of the last six months to continue. It seems very likely that we will achieve a new sales record by generating more than ten billion euros.”
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