Industry News

The Würth Group reported sales of €10.2 billion in the first half of 2024, which corresponds to a year over year decrease of 3.2%, and a minus of 2.6% adjusted for currencies.

The sales volume generated by the German companies of the Würth Group amounted to €4 billion compared to €4.2 billion in the same period last year, with companies outside Germany reporting a slight drop in sales of 1.8% year over year. Within Würth Group’s core business, the Auto Division reported positive growth of 4.2%.

At €525 million, the operating result of the Würth Group is down year over year (2023: €680 million) as a result of the lower sales volume in the first half of the year. The Würth Group continues to rest on a robust financial basis. S&P Global Ratings once again confirmed the Würth Group’s ‘A/outlook stable’ rating in June 2024.

Over the past twelve months, the Group has also created over 300 jobs in the fields of digitalisation and IT. Currently, the Würth Group has 88,616 employees worldwide, with 44,437 employees working in sales. Around 1,200 employees joined the company through acquisitions.

Robert Friedmann, chairman of the central managing board of the Würth Group highlights: “Our sales development continues to be strongly influenced by the economic situation, which is particularly noticeable in the manufacturing units that supply to the automotive industry, for example. Nevertheless we are sticking to our countercyclical strategy: We invest when others scale back. We are continuing to expand our sales activities across all channels such as the sales force, shops, and eBusiness, while also investing in IT and promoting digitalisation. The promise of readily available products to our more than four million customers worldwide is our top priority.”