According to the preliminary annual financial statements, Würth Group generated sales of €17.1 billion (2020: €14.4 billion) corresponding to an increase of 18.5%, or 19.0% adjusted for currency effects. In Germany, Würth Group’s sales grew by 14.1% to €6.9 billion (2020: €6.1 billion). With €10.2 billion (2020: €8.3 billion), the Würth companies abroad achieved even more successful results.
In southern and western Europe, the Group companies reported above-average growth rates, which were partly due to the very high sales slumps in 2020 in countries like Spain, Italy and France caused by the Covid-19 pandemic. Würth Elektronik eiSos Group (+ 36.8%) and the Electrical Wholesale unit (+ 28.8%) were particularly successful. Adolf Würth GmbH & Co. KG, the parent company and the largest individual company in the Würth Group, generated external sales of €2.1 billion (+ 11.3%).
According to preliminary annual financial statements, the operating result of the Würth Group is clearly up on the previous year with €1.2 billion (2020: €775 million). Strong sales growth and higher productivity contributed significantly to the positive result. In addition, due to the pandemic, costs for travel, trade fairs and conferences did not incur in 2021.
Robert Friedmann, chairman of the central managing board of the Würth Group, commented: “We are in the middle of the 4th wave of the pandemic, and the development of supply chains is challenging us all. Achieving results like this under such conditions shows that we have tailor-made products and services for our customers. It is also important to convey calmness and security in a crisis. In a family business like ours, Prof. Reinhold Würth and Bettina Würth play a decisive role in such a situation.
Outlook on 2022
Würth Group believes that the situation on the procurement market will remain tense in 2022. The decision of the German government to make vaccination compulsory will have a significant impact on the development of the pandemic and thus on the economic activity.
“Despite these uncertainties, we assume that we will achieve new record sales in the coming business year and achieve adequate operating result growth, as our multi-channel strategy, far-reaching digitalisation and large number of own production facilities mean that we are in an independent position now and will continue to be so in the future,” explained Robert Friedmann.
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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