Industry News

In it’s preliminary annual financial statement, the Würth Group reported 2017 sales of EUR 12.7 billion, a 7.5% increase over 2016. The Group’s operating result is also forecast to be at a record level, substantially higher than previous year. 

Würth particularly noted that companies in eastern and southern Europe grew dynamically and that its electronics and production business units showed above-average growth rates. e-business sales also grew above-average by 19.3%.

According to preliminary calculations regarding the operating result, a new record of between €760 million to €770 million is expected, which Würth describes as a 'considerable increase' over the previous year (2016: €615 million). 

“These figures motivate us and prove us to be on the right track implementing our multi-channel strategy. E-business is gaining momentum: so with our developments and services, which we tailor to the needs of our customers, we have our fingers on the pulse of time. We must ensure speed, reliability and availability. These aspects are important to our customers,” Robert Friedmann, chairman of the central managing board of the Würth Group, said, declaring himself satisfied with the preliminary figures. 

The number of Würth employees increased in 2017, by 2,634 from 71,391 to 74,025 , of whom 32,295 are in the sales force. In Germany, the number of employees increase 4.3% to 22,620. The Group currently has 32,295 sales force employees on the payroll.

Würth will publish its full financial report for 2017 on 8th May 2018.