Würth Group sales in the 2024 fiscal year almost at previous year's level

_{Robert Friedmann, Chairman of the Central Management Board of the Würth Group, at the Press Conference on the Annual Financial Statements}

The Würth Group closed a very challenging 2024 fiscal year reporting sales of EUR 20.2 billion (2023: EUR 20.4 billion). Adjusted for currencies, this corresponds to a decline of 0.3 percent. At EUR 940 million, the operating result was down on the previous year (2023: EUR 1,455 million), yet it is still the fourth-highest result in the Group’s history.

"Given the economic conditions in the past fiscal year and the resulting implications, we are pleased with the result we have achieved."

Robert Friedmann, Chairman of the Central Management Board of the Würth Group

Apart from cost increases, the weak economy in the manufacturing industry also had an impact on the Group’s business development. The result was further burdened by high investments and the resulting depreciation and amortization. However, investments are important for the future growth of the Würth Group. The Group invested EUR 1.2 billion, primarily in its IT infrastructure and warehouse capacities of its distribution companies, as well as in production buildings, technical equipment, and machinery for the production companies.

_{6 kilometers of conveyor technology in the logistics expansion}

In Germany, the Würth Group generated sales of almost EUR 8 billion in 2024 (-3.9 percent). Accounting for 39 percent of sales, Germany is the most important individual market for the Würth Group. Outside Germany, the Würth Group’s sales grew slightly by 1.2 percent compared to the previous year. Southern Europe, the Group’s second most important market, deserves special mention, reporting growth of 3.8 percent to more than EUR 3.1 billion. This growth was strongly influenced by the acquisition of the electrical wholesaler IDG 01 S.p.A. based in western Italy. Southern Europe contributes a share of 15.5 percent to the Group’s total sales volume. In the Würth Group’s core business, the Würth Line’s Craft divisions developed satisfactorily, reporting sales at the previous year’s level, which was primarily driven by growth in the Auto (+3.3 percent) and Wood (+2.0 percent) divisions. At the Allied Companies, especially the Electrical Wholesale unit, boosted by acquisitions in Poland and Italy (+8.1 percent), and the companies in the Chemicals unit (+11.7 percent) contributed to sales growth.

The Würth Group gained a total of 1,346 new employees through acquisitions in the 2024 fiscal year and employed 88,393 people at the end of the year. Around 44,900 of these employees work in the sales force.

_{Würth Campus in Künzelsau-Gaisbach}

The equity of the Würth Group rose by 5.4 percent to EUR 9.2 billion (2023: EUR 8.8 billion) and forms the basis for the Group’s financial stability. The rating agency S&P Global once again confirmed the Würth Group’s A/outlook stable rating in June 2024.

Recently, the 2025 economic growth forecasts for Germany were reduced significantly. According to German economic research institution Ifo Institute, the German gross domestic product is unlikely to increase by more than 0.1 percent. The International Monetary Fund (IMF) expects the global economy to grow at 2.8 percent, clearly below what was expected in January 2025. “According to experts, the outlook for growth in the 2025 fiscal year is bleak. Nevertheless, we see the good development of the companies in the Chemicals unit, which were able to build on the previous year’s success in the first quarter of 2025, as a ray of hope for 2025,” said Friedmann. The eiSos Group, one of the largest European manufacturers of passive electronic and electromechanical components, is currently reporting an increase in incoming orders, especially in Asia and North America. “The eiSos Group is one of the trend indicators of the Würth Group. Already in the first quarter of 2025, incoming orders rose at an above-average rate. This makes us optimistic that the European market will follow suit.”

"Our top priority is securing the Würth Group’s long-term success based on healthy and sustainable growth. We can count on the partnership with our more than four million customers worldwide and benefit from the support of the Würth family. In addition, the Group’s heterogeneous structure across different industries and regions as well as our business model provide us with the necessary stability."

Robert Friedmann, Chairman of the Central Management Board of the Würth Group

About the Würth Group

The Allied Companies of the Würth Group , operate in related business areas, ranging from electrical wholesaling and electronics to financial services. At the end of 2024, the Group employed more than 88,400 employees in over 400 companies with more than 2,800 shops across 80 countries. The Group generated sales of EUR 20.2 billion and an operating result of EUR 940 million in the 2024 fiscal year. With over 8,000 employees, Adolf Würth GmbH & Co. KG in Künzelsau is the largest single company in the Würth Group.