From crisis to an all-time high

The deep slump was followed by an almost dizzying rate of growth: the Endress+‌Hauser Group (Reinach, Switzerland) increased net sales in 2010 by almost 19.8 percent to over 1.31 billion euros, significantly exceeding the previous best results of 2008. "We have recovered more quickly from the effects of the worldwide economic and financial crisis than expected," said CEO Klaus Endress.

"We have recovered more quickly from the effects of the worldwide economic and financial crisis than expected." Klaus Endress, CEO of the Endress+Hauser Group 

Only a few markets – such as Greece, Ireland and the Scandinavian countries – experienced no upturn. As a result of the crisis, the emerging markets have grown in significance much faster than predicted. The strongest growth was recorded in America (with an increase of 38.2 percent), even ahead of Asia (28.5 percent). In Europe sales grew by 12.9 percent, in Africa and the Middle East by 10.0 percent. 

A win for financial independence

Endress+‌Hauser more than doubled operating profit (187.4 million euros) and net income (126.6 million euros). The equity ratio reached 68.3 percent. This financial independence allows the family-owned company to follow long-term goals. "As we had hardly reduced our workforce during the crisis, we were able to respond immediately once recovery began," emphasized the CEO.

In 2010:

• The number of employees increased by 175 to a total of 8,594
• The Group earmarked 96.4 million euros for research & development (7.3 percent of net sales)
• Patent applications reached a new record high totaling 219
• Investment in buildings, plants and machinery decreased by 15.2 percent to 57.0 million euros

Excellent prospects for 2011

Just as 2010 ended well for Endress+‌Hauser, 2011 has started equally well. The cautious target of 7 to 8 percent growth in sales is estimated to be significantly exceeded. The Group budgeted 88 million euros for investments and expects to create over 600 jobs worldwide. The CEO pointed out that there were still major uncertainties to contend with. "We have to remain agile and alert," warned Klaus Endress. "We want to continue to make use of opportunities, but must not overlook the risks."