Würth Group reports double-digit growth – Operating result higher than expected | American Fastener Journal

Article by · 2011/01/17 ·

Posted Date: 01/17/2011

Sales increased by 14.2 percent to EUR 8.6 billion
Operating result above plan: between EUR 380 and 400 million 62,433 employees worldwide
Substantial investments in sales announced for 2011

In 2010, the Würth Group generated sales of EUR 8.6 billion. According to the preliminary annual financial statement, the company grew by 14.2 percent. The operating result will total between EUR 380 and 400 million, thus exceeding the target.

The Würth Group managed to significantly increase sales particularly in Germany. The Group grew by 16.9 percent, reporting EUR 3.9 billion. As first individual Würth Group company, the Group’s parent company Adolf Würth GmbH & Co. KG succeeded in surpassing the one billion Euro mark within one business year (EUR 1.1 billion in 2010). The Würth subsidiaries abroad also reported double digit growth at 12.1 percent.

Compared to the previous year, the Würth Group considerably improved its operating result, which will amount to a value between EUR 380 and 400 million (2009: EUR 235 million). “This excellent result has not been brought about by a rigorous cost-cutting program. On the contrary: …

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