E+H on course for growth in 2020

Endress+Hauser has reported on their 2019 financial year, and confirms they remain on course for growth. In 2019 the Group increased net sales by almost 8 percent, to over 2.6 billion euros. The Swiss measurement and automation technology specialist created 400 new jobs worldwide. At the end of the year the company had more than 14,300 employees.

“We have grown across all fields of activity, industries and regions,” said Matthias Altendorf, CEO of the Endress+Hauser Group. The strongest impetus came from the Asian region. However Europe, the Americas, Africa and the Middle East all developed positively, but at a much slower pace. “With good product innovations, we have set a clear benchmark in the industry.”

In 2019, order entry rose faster than sales. “Endress+Hauser has started 2020 with a significantly higher order backlog than the year before,” reported Chief Financial Officer Dr Luc Schultheiss. He confirmed that in 2019 “The Group was able to maintain return on sales at the previous year’s level. We are satisfied with our profit before taxes.”

However E+H has lower growth expectations for 2020. They anticipate sales growth in the mid-single-digit percentage range, and aim to maintain profitability. “However, there are still many uncertainties,” stressed Luc Schultheiss.

E+H will present its audited 2019 financial figures on 12 May 2020, in Basel, Switzerland.

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