Würth Group reported sales grew 7.1% to a record EUR 13.6 billion (US$15.5 billion) in 2018. The group said its electronics and electrical wholesaling units posted above-average growth rates.

Würth’s operating result was between EUR 860 million and EUR 880 million, “a new record and a significant increase” over the previous year.

“We are very happy about this positive result,” stated Robert Friedmann, spokesman for the Würth Group’s Executive Board. “It proves that, with our strategies and services, we are still an important partner for our customers in trade and industry, ” 

The group’s e-business turnover in 2018 was EUR 2.4 billion and grew disproportionately to the group turnover.

During 2018, the number of employees increased by 2,921 to 77,080. In Germany, the number of employees amounts to 23,772, which corresponds to an increase of 5.1%. In field sales, the group employs 33,218 people.

For 2019, Würth expects mid-single-digit growth in sales and a proportionately higher operating result. 

“The year 2019 will certainly challenge us more than in 2018 due to the economic slowdown,” Friedmann noted. 

Germany-based Würth Group consists of 400+ companies with 77,000 employees in 80 countries. Würth sells 125,000 products, including screws, accessories and anchors, technical chemicals and protective equipment. Web: Würth.com