Endress+Hauser takes stock of 2023: stable growth and new developments

Source of information: Endress+Hauser
Category: Maintenance News, News

At the annual press conference in Reinach, Switzerland, the company’s management also announced that sales across the Endress+Hauser Group were on the rise, with an increase of up to 11% last year. The company started 2023 with a record high order volume.

While economic dynamics slowed down in the second half of the year, Endress+Hauser performed better than expected. Organic sales growth was very strong, unaffected by currency fluctuations and changes in some markets.

The largest market was the USA, which overtook China and Germany. Return on sales (ROS) increased by 0.6 percentage points to 14.4 per cent, while net income improved by 14.5 per cent to €408.7 million. Significantly, for the first time, Endress+Hauser’s financial figures exclude the impact of the company’s family strategic financial resources.

The company increased its sales and order intake in 2023 – by 19.4% and 9.1% respectively compared to 2022 – and consistently and successfully developed its service business and online sales, which already account for 19% of the company’s total sales. The leader in the control and measurement instrumentation industry is planning further growth, taking advantage of, among other things, the unlocking of EU funds for investment in water and wastewater infrastructure. Good results were also achieved by the Group as a whole.

2023 was also marked by a large increase in the number of orders and services sold as part of the service. This resulted, among other things, in the company’s purchase of another mobile calibration station, enabling it to support even more customers on site with the company’s instrumentation.

Photo: Endress+Hauser

Photo: Endress+Hauser