Endress+Hauser Growth Beats Industry Average
Endress+Hauser have once again achieved above-average growth in 2007. The Group has increased its turnover by 13 per cent to $1.812 billion (€1.113 billion) and profit before taxes by 20.4 per cent to $237.941 million (€146.1 million).
The company’s Australia operations too demonstrated a remarkable 30 per cent increase in turnover with national staff numbers increasing to 52. The mining, food & beverage and water/ wastewater industries were key growth sectors for Endress+Hauser Australia. Managing Director John Immelman attributes this remarkable growth to a significant change in business philosophy. “Over the last five years, Endress+Hauser have increasingly moved beyond merely providing instruments and into the Solutions business which encompasses measuring device supply, commissioning, integration and control,” he explains. The company was one of the pioneers of Fieldbus technology and plant asset management and played a leading role in the practical implementation of HART, Profibus PA, Foundation Fieldbus and FDT technology.
In 2007, the privately-held, family-owned company with headquarters in Switzerland, invested $154.4 million (€94.8 million) to boost its worldwide network of production and sales, an increase of 19.4 percent. This included the creation of 810 new jobs during the period. At the end of 2007, Endress+Hauser employed 7,855 people globally – an 11.5 per cent increase on the previous year. “This is the fourth successive year of strong growth and is evidence that we have continued to gain market share,” declares Immelman.
