Sales for Endress+Hauser reach nearly 2.5 billion euros as the company experienced strong growth across all regions, sectors and product areas in 2018.
The ongoing digitalisation of the industry and positive development on the international markets provided impetus. The Group increased sales and profits, invested heavily and created hundreds of jobs worldwide.
“The bottom line is, 2018 was a good year for Endress+Hauser worldwide,” explained CEO Matthias Altendorf at the Group’s annual media conference in Basel. The Group increased net sales by 9.5 percent to 2.455 billion euros, despite facing strong headwinds from foreign exchange rates. Expressed in local currencies, sales grew by 12.7 percent.
Endress+Hauser made excellent progress in Europe, Africa and the Middle East as well as in the Asia-Pacific region. The strongest growth was seen in the Americas, however. China also grew at a double-digit pace.
Endress+Hauser’s growth was fuelled by a wealth of innovations. The company brought 54 new products to the market last year. Research and development expenses climbed to 184.2 million euros, representing 7.5 percent of sales. The company filed 287 initial patents in 2018. At the end of the year, Endress+Hauser held nearly 7,800 patents and other intellectual property rights.
About one-third of the new patents were related to the IIoT, digital communications, diagnostics and electronics. A further driver of growth was process analysis.
The positive development was reflected in the creation of numerous jobs and a global workforce of 13,928 The company also has a top sustainability ranking
Endress+Hauser also got off to a good start in 2019. Incoming orders and net sales for the Group are tracking well above prior year levels. The company nonetheless expects this trend to cool off in the second half of the year. “We are still anticipating solid growth in the mid-single-digit range,” said Luc Schultheiss. According to the CFO, the company plans to invest 260 million euros this year, and assuming the business continues to perform well, 500 new jobs will be created worldwide.