The fan and motor manufacturer Ziehl-Abegg posted growth of around 12 percent in the year 2017. Turnover rose from 484 million to 540 million euros according to provisional figures for the financial year just past. The number of employees reached a new record high of 3900. The company traditionally publishes no information on profits. The growth in sales was worldwide. “Our expectations have been significantly exceeded in Asia as well as in North and South America,” stressed CEO Peter Fenkl.
Brexit, the controversial US President, elections in Russia, the formation of a government in Germany, discord in the EU, or conflicts in Africa as well as Asia – Fenkl explains the situation as being “like a colourful array of Swords of Damocles hanging over political and economic developments”. Despite this, Ziehl-Abegg is starting the current year full of confidence, sustained by the positive order intake in the first weeks of 2018.
The growth in sales is being accompanied by an expansion of the workforce. A year ago, Ziehl -Abegg employed 3550 people worldwide; now that figure is 3900. Ziehl-
Abegg has also improved and expanded its production capabilities. In the year just past, the company invested a record 43 million Euros.
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