Würth Group closed the year 2024 reporting sales of €20.2 billion according to its preliminary annual financial statements. This corresponds to a year-over-year decrease of 0.9% and 0.4% when adjusted for currency effects.
As a result of the lower sales volume and higher costs, the Group’s preliminary operating result stands at €900 million, which is below the previous year. The persistently weak economic situation, particularly in the manufacturing industry, had a major impact on the Würth Group’s sales development.
Robert Friedmann, chairman of the central management board of the Würth Group, underlines: “Given the economic and political conditions, I am pleased to report that the Würth Group was able to maintain its sales level of €20 billion. This development was primarily driven by the trade-related areas, which showed a stable sales trend. In 2024, we stuck to our countercyclical strategy and invested when others scaled back. Our focus is on keeping goods available and maintaining our delivery readiness for our more than four million customers worldwide.”
In Germany, the Würth Group’s domestic market, the Group companies generated sales of €8 billion (-4.1%). The companies outside Germany were able to achieve slight sales growth due to acquisitions, among other things. The regions southern Europe, eastern Europe, and South America deserve special mention.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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