Broad-based growth across regions and industries
With net sales of €1.211 billion and growth of 8.8%, the Endress+Hauser Group exceeded its ambitious targets for 2008. Business developed strongly in the oil & gas, power, energy, shipbuilding and renewable energies industries not only through instrumentation for process engineering, but also through services and automation solutions, which are becoming increasingly significant sectors. With a broad-based growth, the company developed dynamically in the Middle East and showed stable growth in Europe, but lost momentum in Asia as a result of the exchange rate as well as in America with a noticeable downturn. 200 new patent applications in 2008 give evidence of the innovative strength of Endress+Hauser. The Group spent €88.8 million on R&D, 17.5% more than in 2007. What’s more, the company created in total 579 additional jobs worldwide.
In 2008, the Endress+Hauser Group invested more than €106.8 million – €12 million more than the year before. Within the last five years, the company has spent almost €400 million on new buildings and facilities. The Group’s worldwide network was further strengthened by the addition of a Sales Centre in Venezuela, a support centre in Panama and new Sales Centres in Qatar and Lithuania among others.
“We can cope well, even with such a difficult year as 2009”
“Endress+Hauser has always emerged strengthened from difficult times,” CEO Klaus Endress said. “We will do everything in our power to ensure that we succeed this time too.” The company is well prepared to cope with crisis. “We have a wealth of excellent products and are working at full strength on the development of new innovations.” Last but not least, the company is backed by the strong culture of a family business. Klaus Endress commented: “With the right attitude and a clear focus on the needs of our customers we can cope well, even with such a difficult year as 2009.”
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