Engel announces record 950 million euro turnover

Engel has announced it set a new record in the 2012/2013 financial year by achieving a global turnover of 950 million euros.

This is said to represent a 14 percent increase for the Group in comparison to the previous year and an overall increase of 165 percent since 2009/2010. Engel revealed it also expects further growth of about five percent each year for the next three years.

"Our aim is to be the best at creating customer benefit," said Dr Peter Neumann, CEO of Engel Holding, speaking at an international press conference held in the run-up to K 2013.

"Being near to our customers is the key to this. On one hand this means increasing our global production capacity and expanding our sales and service structures continuously, and on the other hand it means consistently aligning our products and technologies to the individual requirements of country-specific markets and target sectors. The very positive developments over the last few years confirm that we are definitely on the right track with this strategy, and we are keen to continue in our current direction," he added.

Engel says it has increased its market shares all over the world, with its strong commitment levels in Asia playing a major role. In the relevant Asian market (European and Japanese technology), Engel says it now has a market share of 10 percent, in America, its market share is said to be 18 percent, and in Europe the company has reportedly managed to increase this figure from 27 percent to 30 percent in just three years.

The company cites energy-optimised machine concepts, integrated and automated system solutions and industry-specific developments as contributing factors  to this growth. Engel reported its servo-hydraulic system, ecodrive, helped to significantly increase its market shares in the competitive market segment of medium-sized injection moulding machines alone in 2012/2013. More than half of all Engel's hydraulic machines are now equipped with ecodrive.

As far as its target industries are concerned, Engel says it has seen the greatest growth in the automotive and packaging sectors. Engel's packaging market share is now over 20 percent. Christian Pum, Engel Holding's Sales Director, commented: "We're seeing strong growth in the area of plastic packaging at the moment, and the benefit we're deriving from this is disproportionately high. In Europe, about 12 percent of all our injection moulding machines are currently sold to customers in the packaging industry. More and more large machines which work with moulds with high numbers of cavities are being sold here. These tend to be used as part of high-output solutions and employ energy-efficient drive concepts."

The company also said that the proportion of system solutions with automation included is rising across all industries, in particular in Germany.

Engel revealed that Germany was still the Group’s most important market, with approximately 20 percent of its global turnover generated by its German branches. In terms of sales volume, Germany is followed by Turkey and Russia, which currently occupy second and third places in Europe. Overall, 65% of the company's turnover is generated by Europe, while the American and Asian markets are responsible for 17 and 18 percent of the total turnover respectively. 

Engel stated that its ability to accommodate the rising orders was thanks to an increase in production capacity and adding to its sales structures. Altogether, the company invested more than 57 million euros in different sites in the 2012/2013 financial year.