E+H posts 2013 results: sales up 7%

The financial year for Endress + Hauser ends at the end of December, and in 2012 the results were published in May (reported in the INSIDER in June 2013, page 6). At that time Klaus Endress said that “2012 was not an easy year”, despite E+H sales increasing 11% and profit up 10%, after notably good results in the USA.

Now, for the 2013 results, Endress have already announced preliminary figures – although full results will be published in May. CFO Dr Luc Schultheiss advises net sales were up 7% at just over Euro1.8Bn, and profits also showed an improvement compared to 2012. This was slightly below the target set a year ago by then CEO Klaus Endress, who set an ambitious 10% target for sales growth – but significantly Klaus Endress had planned for 550 extra employees in the base business, and the actual increase by year end was 553.

A further 1300 employees joined the E+H Group through the major acquisitions during 2013: these new businesses also provided 2% of the total 7% sales growth. Most significant were the takeover of Kaiser Optical Systems in the USA, specialists in Raman spectroscopy, in November, and the German laboratory analysis equipment specialist Analytik Jena, where E+H took over management control in September.

Overall Dr Schultheiss stated the Group management were satisfied with these 2013 results, achieved despite a significant fall in value of the currencies of Japan and several of the emerging countries where E+H also trades.

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