Despite difficult market conditions last year, Endress+Hauser grew the business on a local currency basis. In Euros, however, consolidated net sales declined marginally by 0,2% to slightly more than €2,1 billion, mainly due to the impacts of exchange rates.
“In local currencies, we grew the business by 2,1%,” said chief financial officer Dr Luc Schultheiss. Preliminary figures for the financial year 2016 show the company held costs under control. “Although return on sales fell, as in the past we are still performing at a solid level,” emphasised the CFO. With a global workforce of 13 003 employees at the end of 2016, an increase of 51 employees on the previous year, employment remained constant within the Group.
According to CEO Matthias Altendorf, a worldwide slowdown in economic growth, as well as fundamental changes in the global economy, left their mark on the figures. In addition, some international subsidiaries grappled with structural problems. “Two-thirds of our sales entities achieved growth while operating profitably. Nevertheless we failed to reach our ambitious objectives,” said the Group’s CEO. “But compared to the rest of the industry we performed well."
With confidence into the current year Despite positive economic signals in individual markets, Altendorf expects 2017 will continue to be a challenge, not least given that political uncertainties have increased once again. Regardless, with an upturn in the business over the past several months, the CEO is looking forward with a sense of confidence.
For more information contact Su-Anne Willemse, Endress+Hauser, +27 (0)11 262 8080, [email protected],
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...Fuel your competitive edge with tech that transforms
News
The KwaZulu-Natal Industrial Technology Exhibition 2025, taking place from 22 to 24 July at the Durban Exhibition Centre, offers a vibrant, solution-focused platform tailored to the unique needs of KwaZulu-Natal’s industrial, manufacturing, engineering, maritime, agricultural and mining sectors.
Read more...Schneider Electric launches first registered Innovation Hub in Africa Schneider Electric South Africa
News
Schneider Electric has officially launched its first registered Innovation Hub in Africa. This provides an interactive environment where visitors can explore the company’s integrated solutions across key segments and businesses such as energy, buildings, data centres, industrial, and power and grid.
Read more...A strategic milestone for Conical Technologies Conical Technologies
News
Conical Technologies has been appointed as the sole distributor in southern Africa for Mibbo, manufacturers of a vast array of products for the automation industry.
Read more...Robotics TechTalk at UKZN
News
The Scientific Multidisciplinary Advanced Research Technology Lab at the University of KwaZulu-Natal recently held an exciting TechTalk. It was an opportunity to introduce students to the IEEE Robotics and Automation chapter, SAIMC, and the Robotics Association of South Africa.
Read more...Schneider Electric honoured with Gender Leader Award Schneider Electric South Africa
News
Schneider Electric has been awarded the Gender Leader Award at this year’s Africa CEO Forum. This award acknowledges those organisations operating in Africa that have shown a significant and continuous commitment to gender diversity and inclusion.
Read more...Africa Automation Technology Fair 2025 closes on a high note
News
The Africa Automation Technology Fair 2025 officially wrapped up after three dynamic days at Gallagher Convention Centre, cementing its status as Africa’s leading platform for industrial automation, AI and IoT.
printer friendly version