Würth Worldwide Revenue Grows to EUR 6.4 Billion in 1st Half 2017
*Inaugurates Carmen Würth Forum Convention Center
The Würth Group, the parent company of Würth Lanka (Pvt) Ltd posted revenues amounting to EUR 6.4 Billion during the 1st six months of the year 2017 which reflects a 7.8% growth in its worldwide sales. Operating profits increased by 21.8% to EUR 335 million during the same period and the total number of employees worldwide grew to 73,172 (December 2016: 71,391), an increase of 2.5%. The Würth Group employs 32,034 people in the sales force worldwide.
Würth also opened its 450th branch office, pick up shop in Germany during the period.
“No matter if it is our brick-and-mortar business, our e-shop or our many sales representatives – even the tiniest unit influences the Group’s clout. Our challenge is to show the added value that we offer with each of our distribution channels and to motivate the customer to make use of them” said Robert Friedmann, Chairman of the Central Managing Board of the Würth Group, to give an example for the strategic orientation of the trading group. Sri Lanka already boasts 3 such brand shops/pick up shops in Nugegoda, Kottawa and Negambo.
“The development of the operating result is pleasing. Thanks to growth of 21.8 percent, the Würth Group reports an operating result of EUR 335 million in the first half of 2017” he added.
Furthermore, in celebration of the wife of Reinhold Würth who celebrated her 80th birthday on 18 July 2017, the Würth Group inaugurated the Carmen Würth Forum in her honor. The exclusive Convention Center located in Künzelsau, South Central Germany was designed by the firm David Chipperfield Architects. The multifunctional building, measuring approximately 11,000 square meters, will contain an event hall that can be divided into several rooms, the Great Hall with room for up to 2,500 visitors, and the Reinhold Würth Hall, a chamber music hall large enough for 600 people. In addition, it will feature a foyer and a terrace for get-togethers and evening events. The park in front of the forum offers enough space to host up to 10,000 guests.
“The sales growth achieved by Würth is impressive. We at Würth Lanka are proud to have been able to contribute positively to the overall results” said Rohan Amirthiah-Managing Director, Würth Lanka (Pvt) Ltd. We contributed to the growth in sales, profits, and also increased the number of employees.
The Würth Group is the world’s market leader in its core business, the trade of assembly and fastening materials. It currently consists of more than 400 companies in over 80 countries with more than 73,000 employees on its payroll. Approximately 32,000 of them are permanently employed sales representatives. In the Group’s core business, the Würth Line, the sales program for the trades and industry comprises more than 125,000 products: from screws, screw accessories and anchors over tools to technical chemicals and personal protective equipment. The Allied Companies of the Würth Group, which either operate in business areas related to the Group’s core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards, and financial services. They account for more than 40 percent of the Würth Group’s sales volume.
Photo caption – Newly built Wurth Lanka premises
