News


Endress+Hauser reports all time high

July 2011 News

The Endress+Hauser Group has reported a new all time high in net sales and profit for the 2010 financial year. The Group increased net income by 19,8% to over 1,31 billion euros – not only compensating for the drop in sales in 2009, but significantly exceeding the previous best results of 2008. “We have recovered more quickly from the effects of the worldwide economic and financial crisis than expected,” said CEO Klaus Endress at the media conference on the financial statement in Basel. He stressed the dynamic nature of this development: “In 2009 we did not know where the work would come from at times. Last year we often struggled to complete all the orders on time.”

The Endress+Hauser Board at the media conference
The Endress+Hauser Board at the media conference

Growth was driven in particular by the food and beverage industry, the largest sector for Endress+Hauser, where recovery was especially rapid in the plant building and machinery sectors (for example the manufacturers of filling machines). The primaries industry also made an above-average contribution – mining, for example, profited from the worldwide hunger for raw materials – as well as the pharmaceutical industry. The chemical, oil and gas, metal, power and energy and water and wastewater industries also developed well. Only the pulp and paper industry continued to struggle.

Strong influence of exchange rates

The development of the exchange rates had a marked effect on both the income statement and the balance sheet. On the one hand the weak euro supported the recovery of export-oriented industries in Europe. In addition, business carried out in US dollars, yen, British pounds or Swiss francs brought correspondingly higher yields. On the other hand, the loss in value of the euro – in the course of the year it slumped by 16% against the Swiss franc – led to net foreign exchange losses of 20,5 million euros. Nevertheless Endress+Hauser was still able to more than double its operating profit (187,4 million euros, plus 123,2%), as well as the net income (126,6 million euros, plus 114,6%). “This shows that we kept costs under control and budgeted carefully during the recovery,” emphasised the Group’s CFO, Fernando Fuenzalida.

Further development

Both during the crisis and throughout last year the company continued to invest in research and development. The plants in Maulburg and Waldheim have already been expanded and other building projects outside Europe are also in the pipeline. “With 219, patent applications reached a new record high last year and allowed us to provide our customers with important new products,” commented Endress.

Excellent start to 2011

Just as 2010 ended well for Endress+Hauser, 2011 has started equally well – incoming orders and net sales currently exceed last year’s good figures by a two-digit number. Although the Group expects a weakening in this development in the second half of the year, the CFO is confident that the cautious target of 7 to 8% growth in sales will be exceeded. Profit and equity are also expected to continue to grow. The Group has earmarked 88 million euros for investments in 2011 and expects to create over 600 jobs worldwide.

For more information contact Hennie Blignaut, Endress+Hauser, +27 (0)11 262 8000, info@za.endress.com, www.za.endress.com



Credit(s)



Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Emerson publishes 2019 Social Responsibility Report
July 2020, Emerson Automation Solutions , News
Emerson combines industry-leading technology and innovation to make a positive impact on employees, customers and communities around the world.

Read more...
FIRST Lego League goes from strength to strength
July 2020 , News
FIRST (for inspiration and recognition of science and technology) is an international organisation that aims to generate an interest in mathematics, science and technology through the use of robotics ...

Read more...
Aguru announces successful Safe-Trace Contact Tracing trial at Adcock Ingram Critical Care
July 2020 , News
Aguru Business Solutions (Aguru), a company specialising in automation and digital transformation advisory and project management services, has successfully completed a Proof of Concept (PoC) trial of ...

Read more...
From the editor's desk: Coronavirus pulls the trigger on digital transformation
July 2020, Technews Publishing (SA Instrumentation & Control) , News
The general consensus among economists is that the disruption to global markets caused by the coronavirus pandemic is going to result in economic upheaval of proportions not seen since the disastrous ...

Read more...
Siemens South Africa joins forces with the National Ventilator project community in response to the COVID-19 pandemic
June 2020, Siemens Digital Industries , News
Siemens has been a long-standing partner of the Council for Scientific and Industrial Research (CSIR) in South Africa and have cooperated in various field of research, including manufacturing and mining. ...

Read more...
Endress+Hauser Switzerland turns 60
June 2020, Endress+Hauser South Africa , News
The Swiss sales centre of Endress+Hauser is celebrating its 60th anniversary. Active in Switzerland since 1960, today the global leader in measurement instrumentation, services and solutions for industrial ...

Read more...
How investing in a niche market placed Yokogawa aboard the International Space Station
June 2020, Yokogawa South Africa , News
While the world was abuzz with excitement over the revival of U.S. manned spaceflight, another equally promising space endeavour flew under the radar. On 20 May, the H-II Transfer Vehicle (HTV-9), affectionately ...

Read more...
Siemens and Bentley Systems build digital twin for Indonesian petrochemical complex
June 2020, Siemens Digital Industries , News
Siemens and Bentley Systems will develop the first petrochemical digital twin in Indonesia for Chandra Asri, the country’s largest integrated petrochemical complex. With over 27 year footprint, the latter ...

Read more...
Hitachi ABB Power Grids commences operations
June 2020, ABB South Africa , News
In accordance with the agreement signed on 17 December 2018, Hitachi and ABB have announced the completion of all required procedures as planned and the formation of Hitachi ABB Power Grids Ltd. on 1 ...

Read more...
Zest grows Africa base with local partners
June 2020, Zest WEG Group , News
“The key to sustainable growth in Africa is partnering with locally owned companies which have proven track records, are technically sound, have strong market knowledge and a business culture aligned ...

Read more...