Weidmüller achieved sales of 830 million euros

Create Date: 2024-8-30 12:03:23|Source: Weidmuller

Despite the challenging market conditions, electrician specialist Wedmüller achieved sales of 830 million euros in 2019, up 1% year-on-year. Wadmüller expands its in-house expertise in production, electronics manufacturing, R&D and other areas to sustain long-term investments to ensure continued growth in the future, enter key markets such as electric vehicles, invest in emerging markets and strengthen its market position. In addition, Wedmüller is focused on expanding its IoT portfolio into the field of industrial digitalization.

　　Looking back at the 2019 fiscal year of the Wedmüller Group, it can be said that it is a mixed bag. In a challenging market environment (sales of the Germany Electrical and Electronic Manufacturers' Association fell by 1.8 percent), sales of Waedmüller reached 830 million euros, an increase of around 1 percent. Volker Bibelhausen, spokesperson for the Executive Board, emphasized: "Nevertheless, we are pleased with this result, given the economic slowdown and economic conditions in the second half of the year. Despite the stable economic situation in the first six months of 2019, the world economy fell sharply in the second half of the year. "We face great challenges, but we are confident that we will not only overcome them, but also grow in the face of adversity," Bibelhausen said. Entering future markets such as electric vehicles and continuing to advance automation and IIoT solutions can help set sail against the headwinds.

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