The Codesys Group reports record sales of EUR 43.5 million for the 2023 financial year – an increase of 12%. This pleasing growth was generated jointly by the headquarters in Kempten/Allgäu and the subsidiaries in China, Italy and the USA. In total, the group employs more than 230 people at all locations.
Which products are important this year? “Our virtual control system Codesys Virtual Control SL will play a major role in 2024,” says founder and CEO Dieter Hess. “It offers our customers decisive advantages compared to classic PLCs, for example in terms of update management – and therefore enormous added value.” There will even be a variant of the new Codesys runtime system with safety certification in the second half of the year.
As far as the forecast for the current financial year is concerned, Dieter Hess paints a differentiated picture: on the one hand, he expects an economically challenging environment in which the market will stagnate or even decline slightly. Nevertheless, Hess is optimistic: “The labor shortage in all developed countries and the sustainability programs that are being launched at international level make it necessary to increase efficiency in our economy. To achieve this, we need to further automate processes. Codesys can make an important contribution here.” Not to mention the supply chain problems that have persisted since the pandemic: “To get around them, companies are increasingly becoming independent of specific hardware. And this is where Codesys comes into play: our software was hardware-independent from the outset.”
Source: Codesys
