Despite difficult market conditions last year, Endress+Hauser grew the business on a local currency basis. In Euros, however, consolidated net sales declined marginally by 0,2% to slightly more than €2,1 billion, mainly due to the impacts of exchange rates.
“In local currencies, we grew the business by 2,1%,” said chief financial officer Dr Luc Schultheiss. Preliminary figures for the financial year 2016 show the company held costs under control. “Although return on sales fell, as in the past we are still performing at a solid level,” emphasised the CFO. With a global workforce of 13 003 employees at the end of 2016, an increase of 51 employees on the previous year, employment remained constant within the Group.
According to CEO Matthias Altendorf, a worldwide slowdown in economic growth, as well as fundamental changes in the global economy, left their mark on the figures. In addition, some international subsidiaries grappled with structural problems. “Two-thirds of our sales entities achieved growth while operating profitably. Nevertheless we failed to reach our ambitious objectives,” said the Group’s CEO. “But compared to the rest of the industry we performed well."
With confidence into the current year Despite positive economic signals in individual markets, Altendorf expects 2017 will continue to be a challenge, not least given that political uncertainties have increased once again. Regardless, with an upturn in the business over the past several months, the CEO is looking forward with a sense of confidence.
For more information contact Su-Anne Willemse, Endress+Hauser, +27 (0)11 262 8080, [email protected],
Reinstatement opportunity for ECSA registration
News
In 2023 the Engineering Council of South Africa (ECSA) announced a special opportunity for engineers in South Africa to reinstate their registration status if it had been cancelled. This exclusive offer is available until the end of August 2024.
Read more...Hytec opens fifteenth Mandela Day library Bosch Rexroth Africa
News
Over 200 learners at Monene Primary School in rural Limpopo have received their own containerised library. This is the fifteenth library since 2011, provided by Hytec South Africa and the Nelson Mandela School Library Project to schools across the country.
Read more...WirelessHART solutions Endress+Hauser South Africa
Industrial Wireless
By combining its innovative product portfolio with a deep application and industry knowledge, Endress+Hauser enables its customers to optimise their processes, boost productivity, and ensure their safety and environmental compliance.
Read more...CSIR survey on the state of cybersecurity in South Africa
News
The CSIR Information and Cybersecurity Centre has released four comprehensive national cybersecurity surveys. These delve into critical areas such as cybersecurity preparedness and resilience in the public sector, cybersecurity skills gaps, cybersecurity incidents, and the digital identity landscape in South Africa.
Read more...Referro Systems partners with Festo in Northern Cape
News
Referro Systems has been recognised as an Authorised Official Partner Candidate for Festo in the Northern Cape, marking a significant milestone in its commitment to delivering best-in-class automation solutions to customers.
Read more...Heavy-duty tablet achieves global certification Vepac Electronics
News
In a significant advancement for the company’s rugged tablets, the Teguar TRT-5380-10 heavy-duty tablet from Vepac has successfully acquired 11 international certifications, setting a new standard in quality, safety, and security across global markets.
Read more...RS PRO expands automation range RS South Africa
News
As automation continues to revolutionise production facilities, RS PRO, the trusted own brand of RS, is expanding its product range to meet the growing demand for smarter, more efficient processes.
printer friendly version