By Fastener+Fixing , 2021-08-02 09:05:16
Würth Group has reported sales of €8.4 billion in the first half of 2021, up 20.9% over the same period last year. Adjusted for currencies, sales grew by 22.6%. In Germany, Würth Group generated sales of €3.4 billion (+16.4%), with the companies abroad achieving total sales of €5 billion (+24.3%).
Robert Friedmann, chairman of the central managing board of the Würth Group, commented: “That our growth in the first half of 2021 came out so strong despite the pandemic has exceeded all our expectations. It is especially great to see that almost all business units are growing.”
The month of April was historic for Würth Group, with achieving monthly sales of €1.42 billion, which translates into year-over-year growth of 50.5% (adjusted growth: 47.6%).
Adolf Würth GmbH & Co KG, the parent company and at the same time largest individual company in the Group, also did well: In the first half of 2021, it generated sales of €1.25 billion including intra-Group sales (+17.9%).
At €520 million, Würth Group’s operating result in the first half of 2021 is well above that of the previous year (2020: €280 million). The outbreak of the Covid-19 pandemic at the beginning of 2020 put a considerable drag on the operating result in the second quarter of 2020. Strong sales growth across almost all business units, combined with lower costs due to the Covid-19 pandemic (e.g travel, conference and trade show costs), are now positively impacting the 2021 result.
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