17/01/13

Würth Group closes the business year 2012 with record sales

  • Further growth of the operating result
  • Investment in growth markets
  • Sales increase of 2.9 percent

Künzelsau. In the business year 2012, the Würth Group achieved the highest sales volume in corporate history at 9.98 billion EUR. According to the preliminary annual financial statement, the company thus grew by 2.9 percent. The sales growth of the Würth Group, which is low compared to the past years, is primarily to be explained by the sales decline in Southern Europe. The number of employees went down by 1.4 percent to 65.169 worldwide (previous year: 66,113). The operating result 2012 will increase disproportionately to the Group's sales to EUR 410 - 420 million.

Robert Friedmann, Chairman of the Würth Group's Central Managing Board, is ambivalent in his evaluation of the past business year: "It is true that most of the business units grew this year, and the sales figures reported by our companies in North America and Scandinavia are particularly pleasing, yet a number of companies were hit very hard by the poor economic situation in Southern Europe. In 2013, we have to launch offensives at fast growing regions and industries at full force which is why already in 2012 we made a few well-targeted acquisitions in the chemical industry. In stagnating markets, though, we will keep a low profile."

The planning for 2013 sees the Würth Group reporting growth in the medium single-digit range owing to the fact that in the currently insecure development of the global economy no growth impulses are to be expected.

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 400 companies in over 80 countries and has more than 65,000 employees on its payroll. Approximately 30,000 employees are permanently employed sales representatives.

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 personal protection equipment.

The Allied Companies of the Würth Group, which either operate in business areas adjacent to the core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards as well as financial services. They generate approximately 40 percent of the Würth Group's sales volume.