17/07/14

Würth Group generates sales of more than five billion euros in the first half of 2014

The first six months of 2014:

  • Sales increased by 2.8 percent to EUR 5,020 million
  • Operating result improves considerably over last year
  • Number of employees goes up to 64,891 worldwide

Künzelsau. In the first half of 2014, the Würth Group generated overall sales of EUR 5,020 billion. This corresponds to a year-over-year growth of 2.8 percent. Except for Italy, all problematic countries succeeded in generating growth again. There are clear signs that Spain, for instance, has bottomed out as they succeeded in generating a sales plus of almost nine percent. Robert Friedmann, Chairman of the Central Managing Board of the Würth Group, said: "We want to close the year 2014 with a new sales record. Although the focus of our business activities is on Europe, the strong euro has a negative impact on the development of sales. However, we do not expect further negative influences in the second half of the year."

Operating result

The operating result of the Würth Group is clearly growing. At EUR 235 million, the operating result is up 14.6 percent over last year (previous year: EUR 205 million). "The good order situation of our customers and the economic development are a tailwind for us and we are therefore looking optimistically at the second half of the year," Friedmann adds.

Employees

In the first half of 2014, the number of employees increased to a total of 64,891, which corresponds to a growth of 2.1 percent (December 2013: 63,571). In Germany, the Würth Group has a total of 19,744 employees, while the Würth companies abroad account for 45,147 of the Group's employees.

Outlook

In the second half of 2014, we expect the trends of the of the last six months to continue. It seems very likely that we will achieve a new sales record by generating more than ten billion euros.

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 with more than 64,000 employees on its payroll. Approximately 30,000 of them are permanently employed sales representatives. In the business year 2013, the Würth Group attained a worldwide sales volume of EUR 9.75 billion.

In the core business, the Würth Line, the product range for trades and industry comprises over 100,000 products: from screws, screw accessories and anchors to tools, chemical-technical products and personal protective equipment.

The Allied Companies of the Würth Group, which either operate in business areas related 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.