The fischer Group of Companies has successfully concluded the 2022 fiscal year with a turnover of over €1 billion, a first in the company’s history. With a gross turnover of €1.14 billion, the family business exceeded its excellent figures of the previous year by 14.7%.
At the same time, the fischer Group of Companies used its growth strategy to increase its independence from negative global influences, such as Russia’s war of aggression on Ukraine, rising inflation, high energy prices and the Covid-19 crisis.
fischer’s largest division, fischer fixing systems, once again made an above average contribution to the success of the Group of Companies with an excellent 14% year-on-year increase in turnover. Numerous innovative, new products and systems, as well as a comprehensive range of services for various customer groups, had a positive effect. fischer also achieved substantial growth in the field of solar fastenings. The company additionally established a new logistics centre in Vietnam for the Asian market in 2022.
fischer Automotive recorded an increase in orders across all the division’s locations. fischer is currently establishing additional production capacity at its sites in the Czech Republic, Serbia, and China, for the purpose of this growth. Around the world, fischer Automotive products are installed in the vehicles of many prestigious vehicle manufacturers, with a substantial and continuous increase in installation in electric vehicles. fischer Automotive concluded the year with a 17.8% increase in turnover. Nevertheless, the company division continues to operate in a challenging market environment due to the effects of the Covid-19 pandemic in China and the semiconductor shortage.
The fischertechnik division has recorded a positive turnover development in the global teaching material market, with a significant recovery following two years of lockdown due to Covid-19. fischertechnik will increase its presence in the education market over the coming year with a new learning concept. In the toy division, the rising cost of living has had an impact on consumer behaviour for the past several months. In 2022, fischertechnik recorded an increase in turnover of 7.2%.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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