ifm electronic achieves record turnover

Breaking the Billion Mark for the Second Time

4. April 2022, 20:25 Uhr | Andreas Knoll
Christoph von Rosenberg, Finanzvorstand der ifm-Gruppe
Christoph von Rosenberg, ifm Group: "Our order books are filled well and the first quarter of 2022 was very successful."
© ifm electronic

After a slight decline in sales due to the Corona pandemic in 2020, the ifm Group closed the year 2021 with a new sales record. For the second time after 2019, the company has broken the one-billion euro barrier.

In the past financial year, the Essen-based automation and sensor technology manufacturer increased its previous year's sales of around 960 million euros by 21 percent to around 1.16 billion euros. Following the initial jump to around 1.0 billion euros in the pre-Corona year 2019, this represents a new sales record. "The fact that we have come through the crisis so strengthened shows that our growth strategy with a diversified market and industry structure is successful in the long term," says Christoph von Rosenberg, CFO of the ifm Group, on the occasion of the publication of the business figures. "A stable supply chain despite globally disrupted supply chains has also played a significant role in our success. In 96.4 percent of the cases we were thus able to realise a delivery on the customer's desired date in 2021." Earnings (EBIT) of 10.6 per cent (previous year 7.6 per cent) also increased significantly compared to the previous year and, like turnover, reached a record level.

The personnel development also reflects the growth of the ifm Group. With an increase of more than 10 percent, the total workforce at the turn of the year comprises more than 8100 employees worldwide, of whom just under 5000 work in Germany. More than 2/3 of all products are manufactured in ifm's five locations near Lake Constance. A large part of the research and development department is also located there. Accordingly, most of the employees - around 3500 - are located at these sites with, and the demand for qualified personnel continues to be high. "Because the company headquarters here in Essen with more than 750 employees is getting too small, we are currently planning a new building only a few hundred metres away from the current location," Christoph von Rosenberg comments on the development.

For the current business year, the signs continue to point to growth. "Our order books are filled well and the first quarter of 2022 was very successful," Christoph von Rosenberg continues. "Nevertheless, we expect the war in Ukraine to cause an economic slowdown and a further delay in the recovery of supply chains. The immediate suspension of our sales activities in Russia at the beginning of the war can be compensated well by growth in other countries. Currently, we are therefore very confident that we will grow significantly again in 2022."

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