The ebm-papst Group has recorded the highest turnover in its history for the financial year 2011/12.
The company closed the financial year ending 31st March 2012 with sales revenue of 1.377 billion EUR (£1.114 billion). This figure is 5 per cent up on the previous year.
The rise comes on the back of a growth figure of 33 per cent for the year 2010/11, and is expected to be followed by further moderate growth in the current year 2012/13 of 3.3 per cent, this would take corporate turnover to 1.423 billion EUR (£1.15 billion).
Hans-Jochen Beilke, Chairman of the Board of Managing Directors of the ebm-papst Group says: “After last year’s euphoria, we have reached a healthy pace of growth.”
“We have reinforced our market leading position in the world and are considered to be the undisputed technological leader in all relevant market segments. Consistently high expenditure in research and development, and our long-held, consistent strategy of producing energy-efficient products that conserve resources, are paying off.”
Germany-based ebm-papst saw turnover increase across most of its global markets. 28% of the company’s turnover is attributed to its domestic German market, but across Europe (and excluding Germany) turnover increased by 5% to 592 million EURO (£479 million). Within this the UK accounted for £60 million (10%) of turnover within Europe.
Speaking from the company’s Chelmsford base, UK Managing Director David Jarvis says: “We are delighted with our sales results last year, and with our additional investment in UK manufacturing this year, we plan to offer our customers more value. Our goal is to become every customer’s first choice in fan, motor and control technology.”