Ziehl-Abegg sees sales rise 9%9th February 2015
Whilst the business in Germany was up slightly on the previous year, significant growth overseas saw sales reach €423m. According to the company, this achievement will enable it to press further ahead with investments of more than €20m in the expansion of its factories.
“We reaped the fruits of our professional approach to the internationalisation of our business,” commented CEO Peter Fenkl.
With only a few exceptions, most countries are said to have posted double figure growth rates but the Russian crisis is clearly having an impact: the companies in the Ukraine and Russia have seen sales fall sharply. “Since this crisis has affected many clients worldwide we have also suffered lost business in other countries,” explained Fenkl.
Further new products this year which will also open up new markets, the company claims.