Endress+Hauser holds its own in the pandemic crisis

Mike Edwards   

News Endress+Hauser laboratory measurement process automation

“Endress+Hauser will launch more product innovations in 2021 than ever before,” said Matthias Altendorf (right), CEO of the Endress+Hauser Group. “Endress+Hauser’s financial solidity has not suffered during the crisis,” emphasized CFO Luc Schultheiss.

Endress+Hauser Group has weathered the crisis year 2020 in good shape, according to the company. However, the Switzerland-based group’s consolidated sales fell – strongly influenced by exchange rate effects – by almost 3 percent to just under €2.6 billion.

Endress+Hauser is a global producer of measurement and automation technology for process and laboratory applications.

Even a strong laboratory business could only partially offset the shortfalls in process automation, it says, which was hit harder by the effects of the coronavirus pandemic.

While sales development last year fell well short of targets, the group maintained profits at a strong level.

“Endress+Hauser’s financial solidity has not suffered during the crisis,” emphasized chief financial officer Luc Schultheiss. The company was able to avoid short-time work and even slightly increased employment. At the end of 2020, Endress+Hauser had more than 14,400 employees worldwide, over 100 more than a year ago.

Endress+Hauser has always remained able to deliver despite the pandemic, according to CEO Matthias Altendorf. “We have bridged the physical distance to our customers with digital and emotional proximity,” he stated. Altendorf sees the company as well equipped, even if the next few months continue to be dominated by the coronavirus crisis: “Our innovative strength is unbroken. Endress+Hauser will launch more product innovations in 2021 than ever before.”

The impact of the pandemic continues to affect individual market regions, customer industries and fields of activity very differently. Nevertheless, Endress+Hauser has made a good start to the current year, it states. The group expects growth in the single-digit percentage range in 2021 but sees profits under increased pressure. The company does not expect a fundamental recovery in the global economy until the end of the year.

Endress+Hauser will present its audited 2020 financial figures on 4 May 2021 in Basel, Switzerland.

Endress+Hauser has sales companies in 50 countries, including Canada, as well as representatives in another 70 countries ensure competent support. Production facilities are located on four continents.


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