February 22nd, 2018, Published in Articles: EngineerIT

In its preliminary financial figures for 2017, Endress+Hauser reported a broadly supported growth in sales, solid profitability and a marked increase in employment. The company is a leading global provider of process and laboratory measurement engineering, automation solutions and services. The group’s consolidated net sales rose 4,8% to 2,2-billion euros. Exchange rate impacts prevented the company from generating even better numbers for the year. Expressed in local currencies, the company grew more than 6% in 2017.

The consumer-driven economic boom has now reached the capital goods industry as well. Higher demand for the company’s products and services spurred a significant increase in new hires, especially in production. Endress+Hauser had 13 299 employees at the end of 2017, an increase of 296 from 2016. Following another upswing in the business during the fourth quarter, the measurement technology specialist entered the new year with a sizeable rise in backlog orders. For 2018, the family company expects to see growth in the mid-single-digit percent range. The audited financial figures for 2017 will be presented on 8 May 2018 in Basel.

Contact Su-Anne Willemse, Endress+Hauser, Tel 011 262-8000, suanne.willemse@za.endress.com

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