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Weidmüller reports best sales in company history

Record year for Electrical engineering specialist
Weidmüller reports best sales in company history

Weidmüller reports best sales in company history
Executive board of the Weidmüller Group: CFO Harald Vogelsang, CEO Dr. Peter Köhler, CMO Volpert Briel
The Weidmüller Group ended the 2011 financial year with sales of 620 million Euro. This represents 16 % growth over the previous year. As such, the electrical engineering specialist is growing at an above-average rate for the sector according to ZVEI and VDMA, Germany’s electrical and mechanical engineering associations respectively. The news was announced by the group’s three executive board members at a Weidmüller press conference held as part of the Hannover Messe.

The growth in sales spans all the group’s regions and divisions. With continually extremely high growth rates, the Asia-Pacific region (+20 %) including among others China (+23 %) and Korea (+22 %) still represents the forces driving the group’s success. However, the NAFTA (+17 %) and Central & Eastern Europe (+16 %) also generated high growth once again. German operations grew at a stable level, at 14 %. From the product point of view, both the Electronics and the Electrical Connectivity division grew. The division Application-specific solutions, which specialices in meeting individual industrial demands, again proved to be a growth driver.
It’s still hard to make any firm predictions for the year 2012. „The course of the year 2012 will largely depend on developments in the global economy. The key factors will be the European debt crisis as well as political reaction and measures taken in response to this,“ said CFO Harald Vogelsang.
At the end of 2011, Weidmüller employed approximately 4400 people. This means 400 new jobs were created worldwide. „We are particularly proud of our apprentices,“ said CEO Dr. Peter Köhler. „In 2011, we helped more than 230 young people start their professional career, in terms of not only specialist and obligatory content, but far beyond.“
The group also expanded its international sales presence even further over the course of last year. „One of Weidmüller’s strengths is personal proximity. It’s what our customers cherish. In addition to the acquisition of our partner Conexel in Brazil, we founded a new sales company in both Russia and Hong Kong in 2011,“ said Volpert Briel, the Weidmüller Group CMO.
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