News


Endress+Hauser sees itself as well positioned

June 2020 News

Endress+Hauser performed well across all fields of activity, industries and regions in 2019. The Group created hundreds of new jobs, invested record amounts and improved in the area of sustainability. According to CEO Matthias Altendorf, the family company is thus in a strong position to address the challenges of the corona crisis. “2019 was a solid year for Endress+Hauser,” he emphasised. “Growth was broad-based and balanced.”

The measurement and automation technology specialist for process and laboratory applications increased net sales by 8% to 2,652 billion euros, despite a weakening economy. During the annual media conference on financial statements in Basel, the CEO explained that instead of large-scale orders, this growth was driven by smaller and medium-sized projects.

USA still the largest market; China overtakes Germany

In 2019, Asia provided strong growth impulses. Europe performed well and South America recorded excellent growth. North America fell behind expectations, however, while the business in Africa and the Middle East declined. China overtook Germany based on sales volume and just trails the US, which continues to be the largest sales market for Endress+Hauser. According to chief financial officer Dr Luc Schultheiss, the Group companies were able to gain market share.


Dr Klaus Endress (left), president of the supervisory board, and Matthias Altendorf, CEO of the Endress+Hauser Group.

The changed market environment is reflected in an operating profit (EBIT) of 343,4 million euros, a plus of 3,9%. Profit before taxes (EBT) grew by 9,9% to 346,9 million euros. Behind this is a significantly improved net financial result compared to 2018. Although foreign exchange hedging continued to incur high costs, the positive stock market environment allowed financial investments to generate solid returns in 2019. Return on sales (ROS) climbed 0,2 points to 13,1%.

Digital intimacy bridges the physical distance

Endress+Hauser started 2020 with a further increase in incoming orders. However, the coronavirus pandemic makes it massively more difficult to achieve the original goals. “Although we are still unable to predict the economic impacts of the crisis, we and our customers will certainly feel the effects,” underlined Altendorf. The Group responded early to the spread of the virus and used all means at its disposal to protect people’s health and continue to offer customers solid support.

“We bridge the physical distance through digital and emotional proximity,” emphasised Altendorf. The CEO has been driving digitisation at Endress+Hauser for years – in the product and services areas, as well as in customer interaction and internal collaboration. At peak periods, up to 10 000 employees are currently working from home. Customers can use the website to order instruments or track orders and an online tool enables remote support aided by video.

Group aims to safeguard employment

“Our everyday heroes are those working in production, logistics and service, or under difficult conditions from home or in the office,” added Altendorf. “Through hard work, the company has been successful in ensuring the availability of materials, keeping the logistics chains intact and supporting customers in all respects. The Group’s plants are operating and Endress+Hauser is still able to deliver.”

The CEO therefore believes that the company is well prepared for difficult times. “We have always run a sound business and as a company we are very well positioned,” concluded Altendorf. “We will do everything we can to safeguard jobs and bring Endress+Hauser through this crisis. This will benefit customers, employees and shareholders.” The shareholder family supports this course and accepts a decline in profits, said supervisory board president Dr Klaus Endress. “We would like to have as many people as possible on board when the wind shifts and things pick up again.”

For more information contact Natlee Chetty, Endress+Hauser South Africa, +27 11 262 8000, info@za.endress.com, www.endress.com




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Pepperl+Fuchs to host a free, five-day online event
June 2020, Pepperl+Fuchs , News
Pepperl+Fuchs’ 2020 Online Summit is a free digital platform that will allow customers and other interested parties to learn about the latest trends and solutions in factory and process automation – even ...

Read more...
Aguru announces agreement with French industrial services company Ennovia
June 2020 , News
Aguru Business Solutions (Aguru), a company specialising in automation and digital transformation advisory and project management services, has announced that it has entered into a reseller agreement ...

Read more...
Rope access used for inspection at pulp and paper plant
June 2020 , News
When a pulp and paper producer required inspection and maintenance of its fire-water reticulation system, it turned to rope access specialist Skyriders to provide a quick and cost-effective solution. ...

Read more...
HMA Geotechnical solution for greenfield ammonia plant in Indonesia
June 2020 , News
HMA Geotechnical has supplied its Wisenmeshnet wireless infrastructure monitoring system for one of the largest industrial projects in Indonesia. This is the first time that this system, intended mainly ...

Read more...
Africa Medical Supplies Platform launched
June 2020, Bearing Man Group t/a BMG , News
The Africa Medical Supplies Platform (AMSP), of which local company, Invicta Holdings, is a key supplier, is now officially live as part of a continent-wide effort to contain the Covid-19 pandemic. In ...

Read more...
Africa Automation Technology Fair announces launch of virtual event series
June 2020, Reed Exhibitions , News
The Africa Automation Technology Fair (AATF) organiser, Reed Exhibitions, announced the launch of a series of virtual events to take place from July 2020 on the AATF digital platforms. The event series ...

Read more...
Tektronix and Coherent Solutions partner for integrated optical communications
June 2020, Comtest , News
Comtest has announced that technology companies Tektronix and Coherent Solutions have an exclusive partnership agreement to provide fully integrated optical communications platforms to new and existing ...

Read more...
Artificial Intelligence and Dawn of Disruption
June 2020 , News
Since the phrase Artificial Intelligence (AI) was coined in the 1950s, technology has advanced significantly and transformed our social and work worlds. Some industry luminaries are bullish about the ...

Read more...
Limestone calciner takes command of operations with new control room
June 2020, Rockwell Automation , News
There are few qualities so desirable for a business to have than an ability to adapt to change. Industries evolve, circumstances shift, but what remains over time are those businesses with the foresight ...

Read more...
Africa Automation Technology Fair 2021
May 2020, Reed Exhibitions , News
It’s one year until the doors open to Africa’s leading industrial automation technology event. Set to take place at the Ticketpro Dome from 18-20 May 2021, the event will be attended by South African, ...

Read more...