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],
New Würth Elektronik location in South Africa
News
A new Würth Elektronik branch has opened in Brackenfell, Western Cape. The location operates under the name Wurth Electronics South Africa and will serve local customers, as well as being responsible for markets in Botswana, Mauritius, Namibia, Tanzania and Zambia.
Read more...John Thompson and BECS partner to deliver biomass energy solutions
News
John Thompson, a division of ACTOM and South Africa’s leading provider of industrial energy solutions, has announced a strategic partnership with Berkeley Energy Corporate Solutions, a specialist developer and supplier of biomass energy projects. Together, the companies aim to accelerate the deployment of reliable, renewable steam solutions to industrial customers across Africa.
Read more...Academy pumps out the next generation of experts
News
KSB Pumps and Valves has invested in a specialised training centre designed to equip internal and branch staff and certified partners with in-depth knowledge of KSB products and systems.
Read more...Celebrating the power of diversity in the engineering sector
News
The engineering sector has historically been a male-dominated field, and to a large extent it still is. However, this is changing, and the shift is gaining significant momentum as more women begin to take up leadership roles, spearheading innovation and driving inclusive growth.
Read more...Enhancing gold leaching efficiency Endress+Hauser South Africa
Sensors & Transducers
Endress+Hauser offers a range of advanced technologies designed to enhance the stability and accuracy of pH and dissolved oxygen measurements on gold processing plants.
Read more...From the Editor's desk: What happened to the metaverse? Technews Publishing (SA Instrumentation & Control)
News
One of the most interesting technical crashes in recent years is the metaverse. As recently as 2022, it was white hot, with massive hype led by Meta. Even Bill Gates was saying that in two to three years ...
Read more...Nidec adopts Siemens Teamcenter for electric motor development Siemens South Africa
News
Siemens Digital Industries Software has announced that Nidec Corporation, a Japanese manufacturer and distributor of electric motors, has adopted Teamcenter X software from the Siemens Xcelerator portfolio of industry software to achieve innovative motor development and supply to set new industry standards, including automotive.
Read more...Yaskawa Southern Africa and Sol-Tech advance industrial robotics training Yaskawa Southern Africa
News
Yaskawa Southern Africa has announced a strategic collaboration with Sol-Tech, a private vocational training institution based in Pretoria, to strengthen technical education in industrial robotics and support the development of future-focused talent for South Africa’s evolving manufacturing sector.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version