Endress + Hauser growth beats industry average
Operations at Endress + Hauser
Endress + Hauser have once again achieved above-average growth in 2007.
The Group has increased its turnover by 13 per cent to $1.812 billion (€1.113 billion) and profit before taxes by 20.4 per cent to $237.941 million (€146.1 million).
In 2007, the privately-held, family-owned company with headquarters in Switzerland, invested $154.4 million (€94.8 million) to boost its worldwide network of production and sales centres, an increase of 19.4 percent.
This included the creation of 810 new jobs during the period. At the end of 2007, Endress + Hauser employed 7,855 people globally – an 11.5 per cent increase on the previous year. Against a background of turbulence in financial markets and stock exchanges as well as the unfavorable developments in exchange rates, Endress+Hauser is predicting more subdued growth in 2008.
"We have set ourselves a target of 8 percent growth in turnover,” stated Klaus Endress. "This won't be easy to achieve - not least because of the drop in the exchange rate of the US dollar.” he added.
The company’s Australia operations too demonstrated a remarkable 30 per cent increase in turnover with statewide staff numbers increasing to 52. The mining, food & beverage and water/wastewater industries were key growth sectors for Endress + Hauser Australia .
Managing Director John Immelman attributes this remarkable growth to an evolutionary change in business philosophy.
“Over the last five years, Endress+Hauser have increasingly moved beyond merely providing instruments and into the Solutions business which encompasses measuring device supply, commissioning, integration and control,” he explains.
The company was one of the pioneers of Fieldbus technology and plant asset management and played a leading role in the practical implementation of HART, Profibus PA, Foundation Fieldbus and FDT technology.
5-Jun-2008