Weidmüller Is Well Positioned for the Challenges Ahead
In a very difficult market environment, the electrical engineering company generated sales of 830 mio. € in the 2019 financial year. That corresponds to sales growth of almost one percent. “In view of the deterioration in the economy in the second half of the year and the general economic conditions, we are nevertheless satisfied with the result,” explains board spokesman and technology board member Volker Bibelhausen. “We are facing enormous challenges, but we are confident that we will not only master them, but also grow from them. The entry into future markets such as electromobility, but also the further automation and business with IIoT solutions will help us here in the future,” Bibelhausen said. Despite all the unpredictability of the Corona crisis, Weidmüller is satisfied this year. They are setting the course for a successful start in 2021 and considers itself well-equipped for the future. The planning and investments in locations and technologies are long-term anyway.
Image: The Executive Board of the Weidmüller Group can look back on a mixed year 2019 and is confident for 2020 that the company and society will emerge stronger from the crisis.
Source: Weidmüller Interface GmbH & Co. KG