E+H releases 2021 numbers and looks ahead for 2022
Endress+Hauser reported achieving new records coming into the new year during today’s press conference; and although the Ukraine conflict is dampening hopes for continuation of this solid growth, the company considers itself well-equipped for what appears to be a difficult economic environment in 2022.
“Our customers placed a high degree of trust in us,” said CEO Matthias Altendorf at the annual media conference in Basel, Switzerland. “They were able to rely on us after the outbreak of the pandemic. And we were a reliable partner once demand picked up again.”
Despite strains on the procurement markets and logistics chains, Altendorf added that the company ensured material availability around the world and maintained its high delivery performance – having delivered 2.6 million instruments in 2021.
The broad-based growth Endress+Hauser experienced not only built on the pre-COVID period, but significantly improved the company’s key business metrics, as net sales rose 11.7 per cent to 2.879 billion euros.
The group experienced dynamic growth in Asia and America and a solid performance in Europe; and while Africa was up, business in the Middle East – with its heavy dependence on the oil and gas industry – suffered a decline.
China extended its lead as the company’s strongest sales market, followed by the U.S. and Germany.
Overall, incoming orders were some five percentage points higher than sales growth.
Behind this development the CEO sees catch-up effects, as well as renewed demand in nearly all industries, as advanced analysis and industrial digitalization provided an impetus for the process instrumentation business.
In the laboratory instrumentation business, which had been boosted by the demand for PCR diagnostics in 2020, the Analytik Jena subsidiary experienced strong growth through chemical analysis products.
Employment numbers remain strong
The family-owned company had 15,117 employees worldwide at the end of 2021, 663 more than the year before, with new jobs created primarily in production.
Nearly all apprentices were offered positions in the company upon completion of their training, as Endress+Hauser “wants to strengthen its commitment to vocational training” and eventually double the number of apprentices, students and interns over the coming years.