Group increases incoming orders, sales, profits and headcount in the 2019 financial year
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.
Strong development in Asia drives growth
““2019 was a solid year for Endress+Hauser,” emphasized Matthias Altendorf. The measurement and automation technology specialist for process and laboratory applications increased net sales by 8.0 percent to 2.652 billion euros. Asia provided strong growth impulses. Return on sales (ROS) climbed 0.2 points to 13.1 percent. Net income rose 14.3 percent to 265.9 million euros.
Focus on innovation and sustainability
Endress+Hauser filed 318 patent applications and invested 7.6 percent of sales in research and development. By the end of 2019 Endress+Hauser had 14,328 employees worldwide (plus 400). In the EcoVadis sustainability audit, Endress+Hauser achieved 72 points, 4 more than in 2018, placing it in the top 2 percent of the comparison group. Despite worldwide investments of 231.1 million euros, the Group is virtually free of bank loans.
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. “We bridge the physical distance through digital and emotional proximity,” said Matthias Altendorf. 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
“We have always run a sound business and as a company we are very well positioned,” said Matthias Altendorf. “We will do everything we can to safeguard jobs and bring Endress+Hauser through this crisis.” The shareholder family supports this course and accepts a decline in profits, emphasized Supervisory Board President Dr Klaus Endress.