07/07/11

Würth Group with strong growth in the first half of 2011

  • Sales increase by 15.1 percent to EUR 4.78 billion
  • Operating result: EUR 245 million before tax
  • 65,444 employees worldwide (as of 30 June 2011)

The worldwide operating Würth Group - world market leader in its core business, the trade in assembly and fastening material - closed the first half of 2011 with overall sales of EUR 4.78 billion. The family business consequently reported a new sales record: Growth came to 15.1 percent compared to the first six months of the previous year.

Robert Friedmann, Chairman of the Central Managing Board, states: "We succeeded in continuing the dynamic growth that we had in the first quarter of 2011, and reached clearly double-digit sales growth also in the second quarter. An important adjusting lever for this success is our consistent orientation towards sales and the activities involved. We plan to grow by double-digit figures also by the end of the business year."

Strongest growth drivers have been the German companies of the Würth Group. Adolf Würth GmbH & Co. KG, the parent company, in particular, as well as Würth Industrie Service GmbH & Co. KG and the Würth Elektronik Group contributed decisively to this positive development. Compared to the first half of 2010, the German companies increased their sales volume by 17.3 percent to EUR 2.1 billion. (2010: EUR 1.8 billion). The companies outside Germany grew by 13.4 percent and generated sales of EUR 2.7 billion (2010: EUR 2.3 billion).

The positive overall trend is also reflected by the preliminary operating result of the Würth Group that came to EUR 245 million in the first half of the year (first half of 2010: EUR 196 million).

Investments

Extensive investments are planned to be continued at the headquarters and further companies of the Würth Group in the second half of 2011. In summer 2011, the announced extension of the logistics center of Adolf Würth GmbH & Co. KG in Künzelsau-Gaisbach is going to be started. Würth Industrie Service GmbH & Co. KG is another Group company that invests in the extension of their European logistics center in Bad Mergentheim. The highly modern building complex is going to be inaugurated in fall 2011.

"These investments will create the basis that is needed to keep the performance promise that we have made to our customers." explains Friedmann. "We can report an excellent business development exactly in Germany. Therefore, it is necessary to make investments into the future."

Employees

To make further growth possible, the Würth Group also increased the number of staff members in the first half of 2011: Compared to the end of the year 2010, the Group had 3,011 employees more (+4.8 percent) on the payroll. Currently, the Würth Group has a total of 65,444 employees (as of 30 June 2011), out of which 31,761 work in the sales force. In Germany, the Würth Group has a total of 18,399 employees, while the Würth companies abroad report the number of 47,045 employees.

About the Würth Group

The Würth Group is the world's market leader in its core business, the trade in assembly and fastening materials. It currently consists of more than 410 companies in 84 countries and has over 65,000 employees on its payroll. Approximately 30,000 employees are permanently employed sales representatives. In 2010, the Würth Group attained a sales volume of EUR 8.6 billion.

In the Group's core business, the Würth Line, the sales program for craft and industry comprises 100,000 products - from screws, screw accessories and anchors over tools to chemical-technical products and products for industrial safety. The so-called Allied Companies operate under their own name in diversified business fields and markets adjacent to the core business. They sell products for DIY stores, material for electrical installations, electronic components (e.g. circuit boards), financial services, solar modules etc. They generate approximately 43 percent of the Würth Group's sales volume.