Wurth Group sets historic records in 2021 fiscal year

Friday, 28 January 2022 00:00 - - {{hitsCtrl.values.hits}}

According to the preliminary annual financial statements, the company generated sales of EUR 17.1 billion (2020: EUR 14.4 billion) corresponding to an increase of 18.5%, or 19.0% adjusted for currency effects. In, Germany, the Wurth group’s sales grew by 14.1 % to EUR 6.9 billion (2020: EUR 6.1 billion). With EUR 10.2 billion (2020: EUR 8.3 billion) the Wurth Companies abroad achieved even more successful results.

In Southern and Western Europe, the Group companies reported above-average growth rates, which were partly due to the very high sales slumps in 2020 in countries like Spain, Italy, and France caused by the COVID-19 pandemic. Adolf Wurth GmbH & Co. KG (AW KG), the parent company and the largest individual company in the Wurth Group, generated external sales of EUR 2.1 billion (+11.3 %).

As per the preliminary annual financial statements, the operating result of the Wurth Group is clearly up on the previous year with EUR 1.2 billion (2020: EUR 775 million). Strong sales growth and higher productivity contributed significantly to the positive result, and in addition due to the pandemic, costs for travel, trade fairs, and conferences did not incur in 2021.

The number of pick-up shops worldwide has more than doubled to 2,497 in the past 10 years. In the business year 2021, the e-business unit generated sales of EUR 3.4 billion, which corresponds to a new record with 19.9% of the Group’s total sales.

The group’s own production plants in Germany and Europe ensure certain independence from global supply chains. “This means that we do not depend on Chinese steel imports. Today, already 80 %of our goods originate in Europe,” says Robert Friedmann, Chairman of the Central Management Board.

In the third quarter of 2022, the new innovation centre in Kunzelsau-Gaisbach will be opened with the aim of streamlining innovation cycles, bringing new and further developments to market more quickly, and offering customers even more solutions of added value.

Wurth Lanka – a wholly-owned subsidiary of Wurth International, was able to contribute to the above achievement by reaching up to a sales growth of 44% compared to the year 2021 through various sales strategies performed such as “Shop in shop concept”, “Weekend Wurth promotions” and “Corporate and non-Corporate sponsorship programs”, etc.

Wurth Lanka began operations with a single employee in 1988 and now employs over 120 employees in various capacities including sales, services, and support. Wurth Lanka (Pvt) Ltd is a fully owned subsidiary of Wurth International, AG and belongs to Adolf Wurth GmbH, Germany-the parent company of the Wurth Group. Wurth is a Euro 14 billion company and one of the largest international trading companies with more than 400 subsidiaries in 83 countries. With 89,183 employees worldwide, Wurth has the largest direct sales force – 33,000 around the world – to be closer to their customers.