Facts & Figures
Publications of the Würth Group
Würth Group continues to grow
• Sales growth by 4.8 percent to new record level of EUR 14.27 billion
According to the preliminary annual financial statement, the Würth Group reported a sales volume of EUR 14.27 billion in 2019 (previous year: EUR 13.62 billion). This corresponds to a growth of 4.8 percent. Adjusted for foreign currency effects, growth comes to 4.2 percent.
According to preliminary figures, the operating result of the Würth Group amounts to EUR 750 million, and is thus 13.8 percent below the previous year (2018: EUR 870 million). This decline is mainly due to the gross profit margins being under pressure. It was not possible to entirely pass on increased purchasing prices to customers in the market. Furthermore, the Würth Group continued to invest in the expansion of its business model and growth initiatives.
The number of employees rose by 1,606, from 77,080 to 78,686 in 2019. In Germany, the number of employees amounts to 24,344 corresponding to an increase of 2.4 percent. The Group currently has 33,979 sales force employees on the payroll.
“The general economic forecasts remain cautious, which is why the Würth Group expects mid-single-digit sales growth and an operating result increasing proportionally to this,” says Robert Friedmann, Chairman of the Central Managing Board of the Würth Group, explaining the expectations for the new business year. “Certainly, any political tensions and tariff disputes are disruptive factors, as they have strong repercussions on foreign trade and thus exports. This is where we have to pool our forces to still be able to grow despite these adverse conditions.”